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Bulls Need Weekly Close Above......>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Bulls Need Weekly Close Above 200-WMA
*RES 4: Myr4.0050 - High Jan 11 
*RES 3: Myr3.9830 - Alternating daily support/resistance 
*RES 2: Myr3.9586 - 200-WMA, 55-DMA 
*RES 1: Myr3.9420 - High Jan 22
*PRICE: Myr3.9020 @ 2300GMT
*SUP 1: Myr3.8800 - Low Feb 2 
*SUP 2: Myr3.8630 - 2018 Low Jan 29 
*SUP 3: Myr3.8470 - 2016 Low Apr 13 
*SUP 4: Myr3.8180 - High July 30 2015 now support
*COMMENTARY: The 200-WMA has capped since the close below in Jan. Bulls look for
a close above the 200-WMA to ease bearish pressure and above Myr3.9830 to
confirm a break of the 55-DMA (Myr3.9586) and shift initial focus to
Myr4.0260-0499 where the 100-DMA is noted. While the 200-WMA caps, bears
initially focus on the 2018 low with a close below to target Myr3.8180.

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