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

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above 55-DMA
*RES 4: Myr3.9420 - High Jan 22 
*RES 3: Myr3.9250 - High Mar 16 
*RES 2: Myr3.8974 - 55-DMA 
*RES 1: Myr3.8910 - High Apr 18
*PRICE: Myr3.8885 @ 2300GMT
*SUP 1: Myr3.8791 - 21-DMA 
*SUP 2: Myr3.8700 - Low Apr 12 
*SUP 3: Myr3.8510 - 2018 Low Apr 2 
*SUP 4: Myr3.8470 - 2016 Low Apr 13
*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 the 100-DMA (Myr3.9502) to
target the 200-WMA (Myr3.9821). Bears continue to look for a close below
Myr3.8700 to confirm a break of the 21-DMA and to return pressure to 2018 lows.

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