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Bears Targeting 2016 Low *RES 4:...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bears Targeting 2016 Low
*RES 4: Myr3.9734 - 21-DMA 
*RES 3: Myr3.9491 - High Jan 22 
*RES 2: Myr3.9215 - Low Jan 22 now resistance 
*RES 1: Myr3.9050 - High Jan 25
*PRICE: Myr3.8710 @ 2300GMT
*SUP 1: Myr3.8690 - 2018 Low Jan 26 
*SUP 2: Myr3.8470 - 2016 Low Apr 13 
*SUP 3: Myr3.8180 - High July 30 2015 now support 
*SUP 4: Myr3.7795 - Low July 10
*COMMENTARY: Fresh 2018 & 2yr lows continue with bears taking comfort as the
pair trades below the 200-WMA (3.9440). The break of the bear channel base
lacked a little follow through but bears now focus on 2016 lows. O/S daily
studies remain the key concern for bears. Bulls now look for a close above
Myr3.9215 to ease bearish pressure and above Myr4.0200 to shift focus to
Myr4.0626-1014 where the 55-DMA is noted.

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