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Pressure Returns To 200-WMA *RES...>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Pressure Returns To 200-WMA
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr4.0012 - 200-WMA 
*RES 1: Myr3.9870 - High May 24
*PRICE: Myr3.9790 @ 2300GMT
*SUP 1: Myr3.9620 - Low May 22 
*SUP 2: Myr3.9515 - 21-DMA 
*SUP 3: Myr3.9400 - Low May 14 
*SUP 4: Myr3.9250 - High Mar 16 now support
*COMMENTARY: Fresh 4mth highs were noted Thursday with immediate focus on the
200-WMA. Bulls need a close above the 200-WMA to initially target the 200-DMA
(Myr4.0445). Modestly O/B daily studies remain a concern for bulls as does the
Bollinger top (Myr3.9910). Bears now need a close below Myr3.9620 to ease
bullish pressure and below the 55-DMA to hint at a move back to 2018 lows.

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