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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.
