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Bulls Need Close Above 55-DMA......>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above 55-DMA
*RES 4: Myr3.9250 - High Mar 16 
*RES 3: Myr3.9006 - 55-DMA 
*RES 2: Myr3.8900 - High Mar 27 
*RES 1: Myr3.8730 - High Mar 28
*PRICE: Myr3.8680 @ 2300GMT
*SUP 1: Myr3.8510 - 2018 Low Apr 2 
*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 2015
*COMMENTARY: Hesitation ahead of recent 2018 and nearly 2 year lows is a concern
for bears when combined with daily studies looking to correct from modestly O/S
levels. Bears currently focus on 2016 lows with a close below 2016 lows to then
target Myr3.7794-8180. Bulls now need a close above the 55-DMA to ease bearish
pressure and above Myr3.9420 to shift focus back to the 100-DMA (Myr3.9690).

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