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Bulls Need Close Above Myr3.9215...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above Myr3.9215
*RES 4: Myr3.9689 - High Jan 18 
*RES 3: Myr3.9574 - 21-DMA 
*RES 2: Myr3.9491 - High Jan 22 
*RES 1: Myr3.9215 - Low Jan 22 now resistance
*PRICE: Myr3.8850 @ 2300GMT
*SUP 1: Myr3.8670 - 2018 Low Jan 29 
*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 although the lack of follow through
is a concern for bears given daily studies correcting from O/S. In saying that,
bulls continue to look for a close above Myr3.9215 to ease bearish pressure and
above Myr3.9689 to confirm a break of the 21-DMA and hint at a move to
Myr4.0450-0626 where the 55-DMA is noted with above Myr4.0200 to confirm. Bears
remain focused on 2016 lows while Myr3.9215 caps.

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