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Bulls Need Close Above Myr4.0260...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above Myr4.0260
*RES 4: Myr4.0668 - 21-DMA 
*RES 3: Myr4.0450 - High Jan 2 
*RES 2: Myr4.0260 - High Jan 3 
*RES 1: Myr4.0055 - Low Jan 4 now resistance
*PRICE: Myr4.0080 @ 2300GMT
*SUP 1: Myr3.9860 - 2018 Low Jan 8 
*SUP 2: Myr3.9750 - Monthly Low Aug 8 2016 
*SUP 3: Myr3.9380 - 200-WMA 
*SUP 4: Myr3.9314 - Monthly Low July 14 2016
*COMMENTARY: Bears reasserted dominance to start the new year with fresh 16mth
lows adding weight to the case for a test of the 200-WMA. Daily studies at O/S
levels and the Bollinger band base (Myr4.0004) are a concern for bears. Bulls
now need a close above Myr4.0260 to gain breathing room and above Myr4.1014 to
shift focus to Myr4.1311-1423 where the 55-DMA (Myr4.1337) is situated.

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