Free Trial

Rally Falters Ahead Of Idr13585....>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Rally Falters Ahead Of Idr13585 Fibo Resistance 
*RES 4: Idr13610 Oct 30 high
*RES 3: Idr13585 61.8% Fibo of Idr13658-Idr13468
*RES 2: Idr13576 Nov 10 high
*RES 1: Idr13565 Hourly resistance
*PRICE: Idr13548 @0145GMT                                 
*SUP 1: Idr13523 Hourly support
*SUP 2: Idr13514 7 day rising support line
*SUP 3: Idr13495 Nov 8 low
*SUP 4: Idr13468 Nov 3 low
*COMMENTARY* A messy recovery so far from the month's Idr13468 low. This has
gradually seen the upside move to a high of Idr13576 last Friday. This just shy
of the next Fibo retrace of note, the 61.8% level at Idr13585. As a result, has
become overbought in the near term, so looking to Idr13523 and then Idr13514 for
intraday clues. Loss of the latter would caution now.

To read the full story

Close

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.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });