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Bulls Need Close Above Myr4.0260...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Close Above Myr4.0260
*RES 4: Myr4.1014 - High Dec 12 
*RES 3: Myr4.0528 - 21-DMA 
*RES 2: Myr4.0450 - High Jan 2 
*RES 1: Myr4.0260 - High Jan 3
*PRICE: Myr4.0050 @ 2300GMT
*SUP 1: Myr3.9800 - 2018 Low Jan 9 
*SUP 2: Myr3.9750 - Monthly Low Aug 8 2016 
*SUP 3: Myr3.9381 - 200-WMA 
*SUP 4: Myr3.9314 - Monthly Low July 14 2016
*COMMENTARY: A bullish key day reversal was noted Tuesday which is a concern for
bears given daily studies looking to correct from very O/S levels. Bulls
continue to look for a close above Myr4.0260 to gain breathing room and above
Myr4.1014 to shift focus to Myr4.1218-1423 where the 55-DMA (Myr4.1218) is
situated. Bears now look for a close below Myr4.9750 to reconfirm a bearish bias
targeting the 200-WMA.

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