USDMYR is down -0.49% from yesterday’s close and now trades at 4.7130. The downward movement comes after the Federal Reserve’s (FED) decision to keep the interest rate unchanged for the USD yesterday at 5.5%. From a technical point of view, yesterday’s high marks a lower top than the previous one (from February 20th) and if the USDMYR manages to break below the 4.7000 area, it could fall to the 4.6750 region in a few days. A slightly more distant target is the 4.5900 region, where USDMYR is expected to find an important support region on the daily chart.
USDMYR Technical Analysis
