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USDMYR - Malaysia Ringgit Strengthening

U.S. DOLLAR / MALAYSIAN RINGGIT (FX_IDC:USDMYR)  
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FX_IDC:USDMYR   U.S. DOLLAR / MALAYSIAN RINGGIT
Trend Analysis Beyond Technical Analysis malaysia ringgit USDMYR
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trendanalysis beyondta malaysia ringgit usdmyr
Ringgit is strengthening, probably due to rising oil price and institutional position.
If 4.18 support does not hold, likely fall to at least to 4.15
Comentarios:
While maintaining Overnight Policy Rate (OPC) unchanged at 3%, the central bank said it may consider reviewing the current degree of monetary accommodation.

An unexpected hint about potential removal of accommodative stance sent the Ringgit higher across the board.

Press release:
www.bnm.gov.my/index.php?ch=en_pres...
Comentarios:
4.16 now
Comentarios:
4.13 now, see more downside
Operación cerrada: objetivo alcanzado
Comentarios:
Update:

USDMYR - Support turned Resistance

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USDMYR - Support turned Resistance
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