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Bears Need Close Below Myr3.9250...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bears Need Close Below Myr3.9250
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr3.9932 - 200-WMA 
*RES 1: Myr3.9830 - Low Jan 8 now resistance
*PRICE: Myr3.9430 @ 2300GMT
*SUP 1: Myr3.9250 - High Mar 16 now support 
*SUP 2: Myr3.9018 - 21-DMA 
*SUP 3: Myr3.8990 - 55-DMA
*SUP 4: Myr3.8890 - Low Apr 20
*COMMENTARY: The recovery from 2018 lows sees the pair gaining traction above
the 100-DMA (Myr3.9291) with focus now on tests of the 200-WMA. Bulls now need a
close above the 200-WMA to shift focus to Myr4.0260-0673 where the 200-DMA is
noted. O/B studies are the key concern for bulls. Bears now look for a close
below Myr3.9250 to ease bullish pressure and below Myr3.8890 to shift focus back
to 2018 lows.

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