Forex - Chart USD/MYR Update: Weak within broader consolidation


Published at 01:00 (GMT) 18 Dec


Chart USD/MYR Update: Weak within broader consolidation (FZTC7801)

18 Dec USD / MYR Daily

00::32 GMT - Starting the new day on a softer tone with prices sinking towards the lower end of 1-1/2 week consolidation at 3.4710 and break will trigger deeper pullback to 3.4685 then 3.4565. Only move above yesterday's high of 3.4930 to fade current weakness. [W.T]

R5: 3.5095 14 Sep 2009 high
R4: 3.5072 * 8 Dec high
R3: 3.5010 15 Dec high
R2: 3.4930 17 Dec high
R1: 3.4835 intraday level

S1: 3.4710 * 8 Dec low
S2: 3.4685 * intraday level
S3: 3.4565 intraday level
S4: 3.4500 figure
S5: 3.4415 4 Dec low

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