Did you follow our EU analysis 2 days back? We had 150 pips move.
It gonna slow now as we have a little big of rollover needed to be done.
I will be looking every swing back as a chance of long entry at this moment, such as 1.0720
USD/CAD still anice uptrend for me in mid and longer timeframe.
But for now, I am seeing 1.336x as a possible swing back down level, as short term swing, and we gotta how the market react from the level.
Did you trade our analysis on 12 Feb?? Well. you should.
We are the double bottom level, so there are more sign of rebounding are in place.
We have Price Action (Bullish) On our side too,,
We shall be some sort of retrace.
Going to 0.6990 to 0.70 should be easy.
It is for sure USD/MYR is in position swapping mode for now yet we are still seeing position is still intact as long as 4.30 level is supported well..
For any short position, you may have to TP around 4.30 region.
We had a strong SELL DOWN week.
All can change with the news of FOMC on Wednesday.
My take is it is weaken in early week for possible swing up by the mid week.
1221 target shall be reachable.