Thursday, October 15, 2026

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USD/MYR fails to fall below 4.07, buy on dips

Pair is currently trading at 4.1018 levels. It made intraday high at 4.1040 and low at 4.07 levels. Intraday bias remains bullish till the time pair holds key support level at 4.07. A sustained break below will target th…

By Cynthia Firey Eakin
1 min read
USD/MYR fails to fall below 4.07, buy on dips
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  • Pair is currently trading at 4.1018 levels.
     
  • It made intraday high at 4.1040 and low at 4.07 levels.
     
  • Intraday bias remains bullish till the time pair holds key support level at 4.07.
     
  • A sustained break below will target the 4.0244 marks.
     
  • Alternatively, current upward trend will take the parity towards 4.1256 levels.
     
  • A daily close above key resistance will turn the bias bullish again otherwise pair likely to consolidate below 4.1256 marks.

We prefer to take long position in USD/MYR around 4.0980, stop loss 4.07 and target 4.1256 levels.

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