Thursday, October 8, 2009

USD/MYR Daily: More room to bias downside potential


MYR chart is likely to continue its downtrend move following prices violated the underline support at 3.4500. Thus, more room to bias downside potential in near term market. As for now, we are looking for the downside support at 3.3880-3.3870 followed by 3.3670. While, immediate upside resistance is pegged at 3.4440-3.4500.