Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 02:24 (GMT) 07 May
07 May USD/IDR Daily
01:50 GMT - Strong rally last Friday is exposing next hurdle at 9240 and need clearance for current upmove to extend towards next target at 9300 and expect the latter to attract strong
profit taking from existing longs. Slippage below the previous high of9203 will fade current upside strength. [W.T]
R5: 9573 * 23.6% of 13200-8453 drop
R4: 9400 * 25 May 2010 high
R3: 9350 27 May 2010 high
R2: 9300 ** 22 Sep high
R1: 9240 * 25/28 Nov highs
S1: 9203 * 15 Mar high
S2: 9198 3 May low/25 Apr high
S3: 9188 * 26 Apr low
S4: 9175 18 Apr low
S5: 9145 13 Apr low






