Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: Malaysian ringgit continues to add strength against US dollar, intraday bias remains bearish

Pair is currently trading around 4.0200. It made intraday high at 4.0610 and low at 4.0220 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.0933. A sustained break above key resistance w…

By Cynthia Firey Eakin
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Pair is currently trading around 4.0200.
     
  • It made intraday high at 4.0610 and low at 4.0220 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 4.0933.
     
  • A sustained break above key resistance will drag the parity towards 4.1501/4.1786 marks.
     
  • Alternatively, a sustained break below key support will drag the parity down around 4.0086 (August 2016 low)/ 3.9916/ 3.9553 levels.

We prefer to take short position in USD/MYR around 4.0275, stop loss 4.0350 and target 4.0086/3.9916 marks.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team