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Wednesday, March 23, 2016

USD-MYR: Broke The Psychological 4.00 mark

Our MYR continues to strengthen. Yesterday, USD-MYR broke he psychological 4.00 mark. This comes about 2 weeks after it broke the intermediate uptrend line, S1-S1 at 4.10. The next strong support will be at 3.75. My earlier recommendation remains unchanged: Underweight exporters. Overweight importers.


Chart: USD-MYR's daily chart as at Mar 22, 2016_3.30pm (Source: Investing.com) 

1 comment:

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