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Sharp Fall Threatens Year's........>

DOLLAR-MYR TECHS
DOLLAR-MYR TECHS: Sharp Fall Threatens Year's Previous Base
*RES 4: Myr4.2380 Nov 6 high
*RES 3: Myr4.2275 Nov 9 high
*RES 2: Myr4.2205 Nov 7, Nov 8 lows, now resistance
*RES 1: Myr4.2025 Hourly resistance
*PRICE: Myr4.1900 @ 2305GMT                               
*SUP 1: Myr4.1790 1% volatility band
*SUP 2: Myr4.1735 May 30 high 2016, now support
*SUP 3: Myr4.1495 61.8% Fibo of Myr3.9330-Myr4.5000
*SUP 4: Myr4.1450 1.618 swing of Myr4.1815-Myr4.2405
*COMMENTARY* A sharp fall on Friday, losing support from the previous Myr4.2100
level in the process. The decline is now threatening the year's previous
Myr4.1815 base and the lower 1% volatility band at the slightly lower Myr4.1790
level. As a result, resistance also falls, Myr4.2025 initially, with
Myr4.2205-Myr4.2275 currently of more significance higher. Below Myr4.1790 and
drop continues, Myr4.1495-Myr4.1450 the next target zone below.

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