Forex - Chart USD/MYR Update: Staging rebound towards broken neckline


Published at 02:19 (GMT) 11 Apr

   

Chart USD/MYR Update: Staging rebound towards broken neckline (IALC7001)

11 Apr USD / MYR Daily

00::52 GMT - Oversold daily tools is hindering swift decline with prices staging a rebound and expect move towards the broken neckline of head-shoulder pattern at 3.2495 to attract strong selling. Below intraday support at 3.2300 will help bears reverse current rebound. [W.T]
R5: 3.2752 3 Apr low
R4: 3.2690 8 Apr high
R3: 3.2642 18 Mar low
R2: 3.2552 1 Apr low
R1: 3.2495 * 7 Mar low, broken neckline

S1: 3.2300 intraday level
S2: 3.2200 intraday level
S3: 3.2150 10 Apr low
S4: 3.2120 12 Nov high
S5: 3.2009 11 Dec low

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