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Free AccessMNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks
Layers Of Support Idr13618-688.....>
DOLLAR-IDR TECHS: Layers Of Support Idr13618-688 Key
*RES 4: Idr13994 - Daily Bull channel top
*RES 3: Idr13885 - High Feb 3 2016
*RES 2: Idr13835 - Bollinger band top
*RES 1: Idr13800 - 2018 High Mar 1
*PRICE: Idr13765 @ 2300GMT
*SUP 1: Idr13776 - Daily Bull channel base off 2018 Low
*SUP 2: Idr13688 - High Feb 22 now support
*SUP 3: Idr13640 - Low Feb 26
*SUP 4: Idr13618 - High Feb 21 now support
*COMMENTARY: Bulls take comfort as the pair distances itself from the
Idr13618-688 support region where the 21-DMA (Idr13684) is noted. Bears look for
a close below the 21-DMA to ease bullish pressure and below Idr13618 to shift
focus back to 55 & 100-DMAs Idr13531-536. Bulls remain focused on the daily bull
channel top while the 21-DMA supports. Daily studies correcting from O/B are the
key concern for bulls.
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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.