U.S. DOLLAR / MALAYSIAN RINGGIT
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USDMYR - 20Dec2021

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USDMYR - 20Dec2021

On the weekly, price has been consolidating sideways for the last 3 weeks. Not much further indication but if oil price continue to pull back we could expect USDMYR to bounce up higher.

On the H1, price confirm below all 3 MAs. We would have a slight bearish bias downside towards 1st Support at 4.1860.

This is for personal record purposes only, not financial advise or solicitation of trade.

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