Thursday, October 15, 2026

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USD/MYR fails to sustain above 4.0370 mark, good to sell on rallies

Pair is currently trading around 4.0223. It made intraday high at 4.0370 and low at 4.0233 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.0370. A sustained break above key resistance w…

By Cynthia Firey Eakin
1 min read
USD/MYR fails to sustain above 4.0370 mark, good to sell on rallies
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  • Pair is currently trading around 4.0223.
     
  • It made intraday high at 4.0370 and low at 4.0233 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 4.0370.
     
  • A sustained break above key resistance will drag the parity towards 4.0640/4.0933 marks.
     
  • Alternatively, reversal from key resistance will drag the parity down around 4.0086 (August 2015 low)/ 3.9916/ 3.9553 levels.

We prefer to take short position in USD/MYR around 4.0275, stop loss 4.0370 and target 4.0086/3.9916 marks.

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