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Highlights
of today’s FX Daily Outlook as follow:-
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· Maintain MYR’s
trading range of 3.970 to 4.042 against USD
· Key watch:- (i) Tight
liquidity due to public holidays in major Eurozone countries and South Korea
and (ii) Japan’s GDP growth for 2Q
· Narrowing gap between
50-day MA and 100-day MA is suggesting that MYR will face strong resistance
to test above 4.039
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Monday, August 15, 2016
· Maintain MYR’s trading range of 3.970 to 4.042 against USD
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