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Dip Lacks Follow Through *RES 4:...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Dip Lacks Follow Through
*RES 4: Myr4.2550 - High Sept 28 
*RES 3: Myr4.2478 - 55-DMA 
*RES 2: Myr4.2442 - Daily Bear channel top 
*RES 1: Myr4.2242 - High Oct 12
*PRICE: Myr4.2211 @ 2300GMT
*SUP 1: Myr4.2062 - Low Oct 16 
*SUP 2: Myr4.1940 - Low Oct 13 
*SUP 3: Myr4.1870 - Low Sept 20 
*SUP 4: Myr4.1810 - 2017 Low Sept 8
*COMMENTARY: The lack of follow through on Friday's dip was less than ideal for
bears and sees pressure back on Myr4.2242. Bulls need a close above this level
to shift focus to Myr4.2442-2680 where the bear channel top, 55 & 100-DMAs are
situated. Overall above Myr4.2680 is needed to end bearish hopes and target
Myr4.3112. Bears remain focused on 2017 lows while Myr4.2242 caps with overall
focus on the bear channel base (Myr4.1111).

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