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Close Above Myr4.809 To Ease.......>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Close Above Myr4.809 To Ease Bearish Pressure
*RES 4: Myr4.1586 - 21-DMA 
*RES 3: Myr4.1423 - High Nov 24 
*RES 2: Myr4.1311 - High Nov 28 
*RES 1: Myr4.0809 - Monthly Low Nov 29 now resistance
*PRICE: Myr4.0680 @ 2300GMT
*SUP 1: Myr4.0370 - Monthly Low Sept 8 2016 
*SUP 2: Myr4.0248 - Daily Bear channel base 
*SUP 3: Myr4.0135 - Low Aug 26 2016 
*SUP 4: Myr3.9750 - Monthly Low Aug 16 2016
*COMMENTARY: Having recently found support around the longer-term bear channel
base (Myr4.0758) bears take comfort in Monday's sell-off and bearish close that
sees focus on Myr3.9750-4.0315 where the Aug monthly low is noted. Overall focus
remains on the 200-WMA (Myr3.9190). Initial resistance is noted at Myr4.0809
with bulls needing a close above to ease bearish pressure and hint at a
correction back to Myr4.1311-1423.

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