- USD/MYR is currently trading around 4.1237 levels.
- It made intraday high at 4.1343 and low at 4.11 levels.
- Intraday bias remains bullish till the time parity holds key support at 4.0700 levels.
- Alternatively, current rebound will take the parity around 4.1665/ 4.20 levels thereafter.
- Today Malaysia will release interest rate decision. The Malaysian central bank is expected to keep the overnight policy rate on hold at 3.25% today in order to attain a balance between defending the Malaysian ringgit and strengthening economic growth.
- A daily close below 4.07 will turn the bias bearish again and drag the parity down around 4.00 marks.
We prefer to take long position in USD/MYR around 4.12, stop loss 4.0780 and target 4.20 marks.


FxWirePro- Major Crypto levels and bias summary
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw 



