- Pair is currently trading around 4.2835.
- It made intraday high at 4.2840 and low at 4.2780 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 4.2900 marks.
- A sustained close above 4.2900 will drag the parity up towards key resistances around 4.3030 and 4.3259 marks respectively.
- Alternatively, reversal from key resistance will take the parity down around 4.2725, 4.2640, 4.2218, 4.2005 and 4.1915 levels thereafter.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Malaysia will release CPI data at 0400 GMT.
We prefer to take short position in USD/MYR around 4.2850, stop loss 4.2970 and target of 4.2725/4.2530.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro-Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major European Indices
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Woodies Pivot(Major)
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/NZD remains bullish as rally continues
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 



