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ryanchai
Sep 27, 2016 9:34 AM

USDMYR Continue to Rally Again Long

U.S. DOLLAR / MALAYSIAN RINGGITICE

Description

A quick update on MYR. USD start to rally despite no rate hiking in Sept. Technically MYR have moved out from consolidate zone, and start depreciate further against USD. I foresee a slight and quick pull back on USDMYR, and then continue to rally. Next target of resistance will be around 4.2. To breakout from uptrend channel, USDMYR need to fall below 4.05 to form a Lower Low.
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