Friday, August 12, 2016

· USD/MYR will trade in the range of 3.970 to 4.042


Highlights of today’s FX Daily Outlook as follow:-

·         USD/MYR will trade in the range of 3.970 to 4.042
·         Key watch:- (i) US’s retail sales for July and (ii) Malaysia’s GDP for Q2
·         The 50-day MA of 4.042 will serve as the immediate resistance

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