- Pair is currently trading around 4.2923.
- It made intraday high at 4.2965 and low at 4.2890 levels.
- Intraday bias remains slightly bearish for the moment.
- A sustained close above 4.3020 will drag the parity up towards key resistances around 4.3259, 4.3310 and 4.3408 marks respectively.
- Alternatively, reversal from key resistance will take the parity back around 4.2855, 4.2810, 4.2735, 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 industrial output data at 0400 GMT.
We prefer to take short position in USD/MYR around 4.2940, stop loss 4.3020 and target 4.2855/4.2810/4.2725 levels.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Crypto levels and bias summary
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro: GBP/AUD eases slightly, focus on near-term support
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally 



