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AOFM Weekly Issuance Slate


Early Cheapening Extends


Firmer, Futures Show Above Recent High

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Bulls Need Close Above Myr4.2210...>

DOLLAR-MYR TECHS: Bulls Need Close Above Myr4.2210
*RES 4: Myr4.2485 - High Sept 6 
*RES 3: Myr4.2380 - Low Sept 6 now resistance 
*RES 2: Myr4.2317 - 21-DMA 
*RES 1: Myr4.2210 - High Sept 7
*PRICE: Myr4.1985 @ 2300GMT
*SUP 1: Myr4.1800 - Low Nov 9 
*SUP 2: Myr4.1700 - Low Oct 27 
*SUP 3: Myr4.1400 - Low Oct 11 
*SUP 4: Myr4.1360 - Daily Bear channel base
*COMMENTARY: Despite remaining heavy and pressuring the Myr4.1800 support bears
have so far failed to produce the close below to confirm initial focus on
Myr4.1360-00 where the bear channel base is noted. Very O/S daily studies
looking to correct remain the key concern for bears. Initial resistance is noted
at Myr4.2210 with bulls needing a close above to ease bearish pressure and above
Myr4.2380 to shift focus back to Myr4.2575-2680.

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