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200 DMA & WMAs Capping, 21-DMA.....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: 200 DMA & WMAs Capping, 21-DMA Support Key
*RES 4: Myr4.0450 - 2018 High Jan 2 
*RES 3: Myr4.0216 - 200-WMA 
*RES 2: Myr4.0179 - 200-DMA 
*RES 1: Myr4.0170 - 2018 High June 25
*PRICE: Myr4.0160 @ 2300GMT
*SUP 1: Myr3.9950 - Low June 25 
*SUP 2: Myr3.9877 - 21-DMA 
*SUP 3: Myr3.9620 - Low May 22 
*SUP 4: Myr3.9507 - 55-DMA
*COMMENTARY: The 21-DMA has supported the past couple of weeks resulting in a
break of Myr3.9930 and bulls focusing on Myr4.0179-0216 where 200-DMA and WMAs
are situated. Daily studies at O/B levels is now an issue as is the Bollinger
top (Myr4.0140) which currently limits follow through. Bears now need a close
below the 21-DMA to ease bullish pressure and below Myr3.9620 to pressure the
55-DMA.

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