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    Asian equities could take a boost after strong gains seen on US equities

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    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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    Asian equities could take a boost after strong gains seen on US equities

    Asian equities may trade on the back foot as traders took profits during Wall Street session

    USDMYR Technical Analysis

    USDMYR Technical Analysis

    Asian equities observe positive start as optimism on Wall Street echoes

    Asian equities could trade with negative bias reflecting caution awaiting Nvidia’s earnings report

    Asian equities could take a boost after strong gains seen on US equities

    Asian equities likely to trade within narrow range following volatile session on Wall Street

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

    Asian markets may experience volatility as global participants eagerly await significant upcoming events

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USDMYR Technical Analysis

Dyogenes Rodrigues Diniz
March 7, 2022
in Forex
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The US Dollar continues to decline against the Ringgit on Tuesday and is now trading at 4.1750. Russia’s recent attacks on Ukraine have caused the Euro and Pound Sterling to plummet. And in a way, it was expected that the USD would gain more value, as it is seen as a safe haven currency in times of crisis. But what happened was the opposite, with the US Dollar falling a little too, although the fall in the USD does not compare to the fall in the EUR. The recent downward movement in the USD is largely because the market was already pricing in the possible interest rate hike for the USD, which is expected to take place on March 16th. From a technical point of view, USDMYR is approaching a support point. If the price manages to break above 4.1900, it can move up to 4.2400 in a few days. On the other hand, if it drops below 4.1720, it can drop to 4.1400.

Tags: Eur/UsdGBP/USDRussia-Ukraine CrisisUS dollarUSD/MYR
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Dyogenes Rodrigues Diniz

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