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Bears Need Close Below Myr4.0700...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bears Need Close Below Myr4.0700
*RES 4: Myr4.1423 - High Nov 24 
*RES 3: Myr4.1311 - High Nov 28 
*RES 2: Myr4.1116 - 21-DMA 
*RES 1: Myr4.1014 - High Dec 12
*PRICE: Myr4.0865 @ 2300GMT
*SUP 1: Myr4.0700 - Low Dec 8 
*SUP 2: Myr4.0470 - 2017 Low Dec 5 
*SUP 3: Myr4.0370 - Monthly Low Sept 8 2016 
*SUP 4: Myr4.0135 - Low Aug 26 2016
*COMMENTARY: Follow through was lacking on the recent 2017 lows with correcting
O/S daily studies providing the impetus for a correction. Initial resistance is
noted at Myr4.1014 with bulls needing a close above to ease bearish pressure and
hint at a correction back to Myr4.1311-1423 with the 21-DMA at Myr4.1116. While
Myr4.1014 caps bears remain focused on Myr3.9750-4.0315 where the Aug monthly
low is noted. Overall focus remains on the 200-WMA (Myr3.9230).
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