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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: Myr3.8977 - 55-DMA 
*RES 2: Myr3.8900 - High Mar 27 
*RES 1: Myr3.8827 - 21-DMA
*PRICE: Myr3.8785 @ 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 has seen the
pair work its way back towards key resistance layers. Bulls still need a close
above the 55-DMA to ease bearish pressure and above Myr3.9420 to shift focus
back to the 100-DMA (Myr3.9565). A close above the 100-DMA was last seen in Mar
2017. While the 21-DMA caps bears focus on 2016 lows with a close below 2016
lows to then target Myr3.7794-8180.

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