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100-DMA Capped Last Week *RES 4:...>
DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: 100-DMA Capped Last Week
*RES 4: Myr4.2860 - High Aug 30
*RES 3: Myr4.2680 - High Sept 5
*RES 2: Myr4.2590 - 100-DMA
*RES 1: Myr4.2558 - High Oct 26
*PRICE: Myr4.2320 @ 2300GMT
*SUP 1: Myr4.2100 - Low Oct 30
*SUP 2: Myr4.2062 - Low Oct 16
*SUP 3: Myr4.1940 - Low Oct 13
*SUP 4: Myr4.1870 - Low Sept 20
*COMMENTARY: The 100-DMA caped rallies last week with bulls needing a close
above Myr4.2680 to confirm a break and hint at a move back to Myr4.3112-3282
where the 200-DMA is noted. Bulls look for a close above My4.2860 to add support
to their case. Bears now look for a close below Myr4.2100 to shift focus back to
Myr4.1800-1940 following the lack of downside follow through Friday & Monday.
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