MYRSGD trade ideas
SGD/MYR Outlook IW22 (30/05/2017)Deciding moment for this pair now,
Shall it hold at this level, it will rebound up back to above 3.1xx level
Shall it break, it will fall back to below 2.9xx level
SGDMYRhmmmm..... for Singapore and Malaysia fellow, look carefully for the price action near the trendline
good luck!
NZDJPY LONGIF Brexit happens, NZD is less affected as AUD is. Though there is an existing positive correlation between AUD & NZD, NZD will not fall as much as AUD. Carry trades prefer NZD Vehicle and with the robust economy with strong immigrant flow and a hot property sector will keep NZD up despite RBNZ's stance on a lower NZD.
Ringgit is still pricing for further decline This level held pretty well in a triangle since I last posted about SGDRMY, it does look like we are about to see a much higher SGDRMY rates at a projected range of 3.25 - 3.29 .
