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Stuck In A Tight Range Bulls.......>

DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Stuck In A Tight Range
Bulls continue to defend the key 14000 level which is gaining in importance as
both the recent low and up trendline support from the 2013 lows. A close below
here is needed to strengthen the case for a further bearish reversal, initially
targeting the June 6 low at 13837. Rallies have so far lacked impulse, keeping
the pair in a tight range and the focus on the downside. Bulls need to close the
gap left at 14200 to improve the outlook and target the 200-dma at 14419. A
break above here would return the focus to the upside.

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