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Increased Correction Risk *RES.....>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Increased Correction Risk
*RES 4: Myr4.1725 - Lows Nov 10 & 15 now resistance 
*RES 3: Myr4.1669 - 21-DMA 
*RES 2: Myr4.1423 - High Nov 24 
*RES 1: Myr4.1311 - High Nov 28
*PRICE: Myr4.0877 @ 2300GMT
*SUP 1: Myr4.0799 - Daily Bear channel base 
*SUP 2: Myr4.0626 - Bollinger band base 
*SUP 3: Myr4.0370 - Monthly Low Sept 8 2016 
*SUP 4: Myr4.0135 - Low Aug 26 2016
*COMMENTARY: The 100-DMA capped rallies in recent weeks resulting in a sell-off
to repeated fresh 2017 and 13mth lows with bears focused on Myr4.0135-0370.
Immediate pressure is now on the bear channel base. O/S daily studies and the
Bollinger base remain key concerns. Bulls need a close above Myr4.1423 to ease
immediate bearish pressure and above Myr4.1725 to shift immediate focus back to
Myr4.2020-2050 where the 55-DMA is situated.

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