USDMYR - Malaysia Ringgit Strengthening

Diupdate
Ringgit is strengthening, probably due to rising oil price and institutional position.
If 4.18 support does not hold, likely fall to at least to 4.15
Catatan
While maintaining Overnight Policy Rate (OPC) unchanged at 3%, the central bank said it may consider reviewing the current degree of monetary accommodation.

An unexpected hint about potential removal of accommodative stance sent the Ringgit higher across the board.

Press release:
bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=4540&lang=en
Catatan
4.16 now
Catatan
4.13 now, see more downside
Trading ditutup: target tercapai
Catatan
Update:

USDMYR - Support turned Resistance
Beyond Technical AnalysismalaysiaringgitTrend AnalysisUSDMYR

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