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Free AccessLacks Follow Through Below.........>
DOLLAR-IDR TECHS: Lacks Follow Through Below 21-DMA
*RES 4: Idr13885 - High Feb 3 2016
*RES 3: Idr13823 - Daily Bull channel top
*RES 2: Idr13814 - Bollinger band top
*RES 1: Idr13800 - 2018 High Mar 1
*PRICE: Idr13780 @ 2300GMT
*SUP 1: Idr13725 - Low Mar 22
*SUP 2: Idr13688 - High Feb 22 now support
*SUP 3: Idr13640 - Low Feb 26
*SUP 4: Idr13618 - High Feb 21 now support
*COMMENTARY: The break of the 21-DMA lacked follow through Thursday with bears
continuing to look for a close below Idr13688 to confirm a break and to shift
initial focus to Idr13618-640 with overall focus returning to Idr13530-570 where
55 & 100-DMAs are situated. Bulls continue to look for a close above 2018 highs
to regain control and return focus to Idr13885 although the Bollinger top may
slow the move.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.