The US Dollar barely moved against the Ringgit on Tuesday, falling just -0.02% and now trading at 4.7360. The sentiment of indecision remains due to a weak macroeconomic agenda for the USD and MYR. From a technical point of view, USDMYR is at an ascending trend line on the daily chart. If the price manages to break below 4.7200, it could fall as low as 4.6750 in a few days. On the other hand, a break above 4.7550 could see USDMYR rise towards the 4.7900 region, where it should encounter an important resistance region. A breakout above the 4,7900 is unlikely at this moment.
USDMYR Technical Analysis
