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Immediate Focus On Bear Channel....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Immediate Focus On Bear Channel Base
*RES 4: Myr3.9931 - 21-DMA 
*RES 3: Myr3.9850 - High Jan 12 
*RES 2: Myr3.9450 - Low Jan 17 & 18 now resistance 
*RES 1: Myr3.9215 - Low Jan 22 now resistance
*PRICE: Myr3.9110 @ 2300GMT
*SUP 1: Myr3.8996 - Daily Bear channel base 
*SUP 2: Myr3.8898 - Bollinger band base 
*SUP 3: Myr3.8800 - Low Apr 29 2016 
*SUP 4: Myr3.8470 - 2016 Low Apr 13
*COMMENTARY: Bearish continues to result in 2018 & 2yr lows with bears taking
comfort as the pair trades below the 200-WMA (3.9442). Immediate bearish focus
remains on tests of the bear channel base and overall focus on 2016 lows. O/S
daily studies remain the key concern for bears. Bulls now look for a close above
Myr3.9491 to ease bearish pressure and above Myr4.0200 to shift focus to
Myr4.0742-1014 where the 55-DMA is noted.

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