Thursday, October 15, 2026

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USD/MYR fails to sustain above key resistance at 4.1501, sell on rallies

Pair is currently trading around 4.1335. It made intraday high at 4.1470 and low at 4.1356 levels. Intraday bias remains bearish till the time pair holds key resistance at 4.1501. A sustained break above key resistance w…

By Cynthia Firey Eakin
1 min read
USD/MYR fails to sustain above key resistance at 4.1501, sell on rallies
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  • Pair is currently trading around 4.1335.
     
  • It made intraday high at 4.1470 and low at 4.1356 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 4.1501.
     
  • A sustained break above key resistance will drag the parity towards 4.1786 marks.
     
  • Alternatively, reversal from key resistance will take the parity back around 4.10, 4.07 and 4.0086 (August 2016 low) levels thereafter.

We prefer to take short position in USD/MYR around 4.1350, stop loss 4.1501 and target 4.1010 levels.

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