USDMYR - 18Apr2022

On the weekly, price has bounced above 78.6% Fib at 4.2290. We could expect it to retest its highs at 4.2470.

On the H8, USDMYR is retesting resistance at 4.2370. Once price can close above, we could expect it to continue its upside target to 4.2580. On the way to its upside, price is expected to face bearish pressure at 4.2463 and 4.2510.

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