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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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USD/MYR Technical Analysis

Dyogenes Rodrigues Diniz
November 12, 2021
in Forex
Reading Time: 1 min read
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USD/MYR Technical Analysis
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The US Dollar made a big bullish move against Ringgit this Friday and is now trading at 4.1660. Despite being a US holiday, the USDMYR rallied and broke the high of the last few days’ sideways at 4.1600. This upward movement was driven by data from the Consumer Price Index, released yesterday, which brought the highest inflation in the last 30 years. Such high inflation could end up putting pressure on the Fed to shift its positioning from Dovish to Hawkish and this could cause the USD to rise further. From a technical point of view, considering that USDMYR has already broken a resistance, it is possible that it will now seek the 4.1900 level in a few days.

Tags: USD/MYR
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Dyogenes Rodrigues Diniz

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