USDMYR - 08Feb2022

On the daily, price is bouncing from ascending trendline support to 23.6% resistance at 4.1840. The price action is closing in at the apex of 2 trendlines . We will need to wait and see which direction it breaks out.

At the same time, we will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime.

This is for personal record purposes only, not financial advise or solicitation of trade.
08feb22Chart PatternsHarmonic PatternsTrend AnalysisUSDMYR

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