Forex - Chart USD/MYR Update: Near-term recovery but risk still on the downside


Published at 01:52 (GMT) 23 Sep

 

Chart USD/MYR Update: Near-term recovery but risk still on the downside (VWWC6301)

23 Sep USD / MYR Daily
00::45 GMT - Decline stalled by last week's low of 3.1463 with prices inching higher within the wider 3.1463-3.2042 range set last Thursday and selling towards the higher end of this range favoured with the preceding downmove from 3.3307 high still intact. [W.T]

R5: 3.2515 50-day MA line
R4: 3.2452 18 Sep high
R3: 3.2302 * 12 Aug low
R2: 3.2230 6 Aug low
R1: 3.2042 19 Sep high

S1: 3.1550 20 Sep low
S2: 3.1463 * 19 Sep low
S3: 3.1375 18 Jun low
S4: 3.1223 * 200-day MA line
S5: 3.1145 17 Jun low

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