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Bears Focused On 200-WMA *RES 4:...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bears Focused On 200-WMA
*RES 4: Myr4.1311 - High Nov 28 
*RES 3: Myr4.1014 - High Dec 12 
*RES 2: Myr4.0724 - 21-DMA 
*RES 1: Myr4.0450 - High Jan 2
*PRICE: Myr4.0180 @ 2300GMT
*SUP 1: Myr4.0135 - Low Aug 26 2016 
*SUP 2: Myr3.9750 - Monthly Low Aug 8 2016 
*SUP 3: Myr3.9346 - 200-WMA 
*SUP 4: Myr3.9314 - Monthly Low July 14 2016
*COMMENTARY: Bears have reasserted dominance to start the new year with fresh
16mth lows adding weight to the case for a test of the 200-WMA. Daily studies
are approaching O/S but still have room to move. Bulls now need a close above
Myr4.0450 to gain breathing room and above Myr4.1014 to shift focus to
Myr4.1311-1494 where the 55-DMA is situated. The Bollinger base (Myr4.0355) is
the key concern for bears.

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