USD/Myr analysis today 06/03: Bearish Trend Strong (diagram)

Created on March 06, 2025

A movement has been reduced on the USD/Myr today when the currency couple from Tuesday this week have expired near the ratio of 4.4245 around the surroundings of 4,4675.

Global financial institutions show signs of a USD central sale, and in the past few days a solid bear's short-term trend has been created. At the time of this writing, the USD/Myr is near the 4.4245 ratio, which is a solid drop compared to the brand of 4.4675 seen a few days ago. The USD/Myr correlates with the broad foreign currency market, but the Malaysian ring git also had signs of stability, even if other main currencies look susceptible in the past few weeks.

The USD/Myr is still an attractive speculative currency couple to bet for day traders, as their price fluctuations occur and at the same time have trends that are technically efficient. The USD/myr about the downturn in the last few days is now in the lower proximity of technical perspectives of three months, but still about lows, which opens up to consider that further depths could develop.

Support the levels around 4.4000 and speculative bets

Due to the shadow policy of the White House, the content of the behavior under financial institutions remains in the shadow that causes the US policy of the White House in the United States, probably rather fragile, but there was signs that the USD took over a weaker way of thinking among dealers. Speculators are difficult to prove that every narrative that is heard is correct, but the USD/Myr seems to react to the idea that too much risk premium was praised in the USD, and now the risk premium values ​​begin to erod.

The support levels in the ratio of 4.4000 for the USD/Myr seem to be quite interesting destinations for dealers, but this level can prove to be too ambitious for day dealers. The search for lower moves that make profits around 4.4100 to 4,4200 and exhaust them can remain the daily taste for sales positions that only have limited funds for business that may take too much time. Patience is required and there is no guarantees, but the USD/Myr crossed the ratio of 4,40000 at the end of January and on the 24^TH from February.

Take up current risk and the USD/Myr

The USD/Myr is not a strongly traded currency couple. Tomorrow the United States will publish its jobs, but as long as the US statistics around the estimates are received, the numbers may not affect as much as the current feelings of behavior.

• The risk appetite in the USD/Myr can certainly change abruptly, especially if there is a chance of volatile rhetoric from the US white house at any time.
• However, if financial institutions remain a little quiet in the next two days, the USD/Myr can still see an exploration of lower depths.
• Yes, it will also be higher, retailers have to use risk management, but the potential of a somewhat more aggressive bear trend that proves to be tempting.

USD/Myr short -term outlook:

Electricity resistance: 4,4285

Current support: 4,4215

High goal: 4,4320

Low destination: 4,4140

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