Forex - Chart USD/MYR Update: Intraday trade stuck in consolidation


Published at 05:30 (GMT) 26 Jan

   

Chart USD/MYR Update: Intraday trade stuck in consolidation (IQFC7901)

26 Jan USD / MYR Daily

05::00 GMT - View unchanged from this morning with corrective pullbackstaged last Friday fell short of the daily uptrend line from 26-Nov's low and strong rebound towards closing is taking pressure off the downside with prices drifting into consolidation. A higher break of 3.6277 resistance will signal bulls back in control. [W.T]
R5: 3.6290 * 28 Apr 09 high
R4: 3.6277 * 21 Jan high
R3: 3.6230 22 Jan high
R2: 3.6190 intraday level
R1: 3.6160 23 Jan high

S1: 3.6000 intraday level
S2: 3.5910 intraday level
S3: 3.5800 23 Jan low
S4: 3.5774 * Uptrend line fr 26/11 low
S5: 3.5682 20 Jan low

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