USDMYR - 31Jan2022
On the daily, price bounced up to descending trendline and 50MA before facing bearish pressure and dropped. Even with the overall DXY strength, USDMYR was not able to bounce higher last 2 days.
With the macro factor that oil price making new highs, we could expect USDMYR to pull back to 1st Support at 4.1720 for today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced up to descending trendline and 50MA before facing bearish pressure and dropped. Even with the overall DXY strength, USDMYR was not able to bounce higher last 2 days.
With the macro factor that oil price making new highs, we could expect USDMYR to pull back to 1st Support at 4.1720 for today.
This is for personal record purposes only, not financial advise or solicitation of trade.