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Supported Ahead Of 100-DMA *RES....>
DOLLAR-IDR TECHS
DOLLAR-IDR TECHS: Supported Ahead Of 100-DMA
*RES 4: Idr13415 - High May 19
*RES 3: Idr13410 - High July 7 & 10
*RES 2: Idr13380 - Low July 11 now resistance
*RES 1: Idr13360 - 100-WMA
*PRICE: Idr13342 @ 2300GMT
*SUP 1: Idr13325 - 100-DMA
*SUP 2: Idr13295 - Low July 19
*SUP 3: Idr13270 - Low Apr 26
*SUP 4: Idr13245 - 2017 Low Apr 13
*COMMENTARY: Broad sideways trading in a Idr13245-13415 range continues with
Idr13270-13380 on the narrow. Bulls continue to look for a close above Idr13380
to pressure Idr13415 and above this level to target Idr13485 2017 highs. Bears
still need a close below the 100-DMA to return focus to the lower end of the
dominant range. Bears look for a close below Idr13245 to initially target
Idr13175.
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