USD/MYR Technical Analysis

The US Dollar has been falling against the Ringgit this Friday due to mixed economic data from the US economy. On one hand, the number of the initial Jobless claims came lower than expected, which is usually good for the dollar. On the other hand, the GDP and the Pending Home Sales brought another low perspective to the dollar. By the end of the day, the sellers have been in control and the capital floating to the Stock Market. The US Dollar closed negative against the Ringgit this Thursday, and it is now traded at 4.1380. If the price breaks below 4.1360, it could go to 4.1000 in the coming weeks.