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Above Myr3.9420 To Ease Bearish....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Above Myr3.9420 To Ease Bearish Pressure
*RES 4: Myr3.9830 - Alternating daily support/resistance 
*RES 3: Myr3.9689 - 200-WMA 
*RES 2: Myr3.9420 - High Jan 22 
*RES 1: Myr3.9240 - 55-DMA
*PRICE: Myr3.9150 @ 2300GMT
*SUP 1: Myr3.9083 - 21-DMA 
*SUP 2: Myr3.8800 - Low Feb 2 
*SUP 3: Myr3.8630 - 2018 Low Jan 29 
*SUP 4: Myr3.8470 - 2016 Low Apr 13
*COMMENTARY: A close above Myr3.9420 is needed to ease bearish pressure. The
200-WMA has capped since the close below in Jan. Bulls look for a close above
the 200-WMA to hint at a move back to Myr4.0113-0450 where the 100-DMA
(Myr4.0113) is noted with above Myr3.9830 to confirm. While the 200-WMA caps,
bears initially focus on the 2018 low with a close below still needed to target
Myr3.8180. Below the 21-DMA is needed to gain breathing room.

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