USDMYR - 15Feb2022
On the daily, USDMYR has bounced above resistance-turned-support descending trendline and 20EMA and is now pulling back. On the macro factor, this is the 9th week oil price is moving higher with strong upcoming resistance at 98-100 and any pull back on oil price could push USDMYR higher.
On the H8, price closed above the descending trendline. We could expect it to bounce higher to 1st Resistance at 4.1970.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, USDMYR has bounced above resistance-turned-support descending trendline and 20EMA and is now pulling back. On the macro factor, this is the 9th week oil price is moving higher with strong upcoming resistance at 98-100 and any pull back on oil price could push USDMYR higher.
On the H8, price closed above the descending trendline. We could expect it to bounce higher to 1st Resistance at 4.1970.
This is for personal record purposes only, not financial advise or solicitation of trade.
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