Dow theory I once read states that the 4th test of a level usually breaks.
So with that Line in place being currently resistance.
4th test theoretically should break up,
Then the 1.25 level should become support.
With the Brexit a few UK funds in the retail space should be looking for places in AUD to park some money.
Australia has the AAA rating still while UK just lost AAA rating for investment.
So thats all pointing UP for MYR.
Soon 4th test to break and hold $1.25
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Last
82.0¢ |
Change
0.005(0.61%) |
Mkt cap ! $682.0M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 82.0¢ | 79.0¢ | $1.545M | 1.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 722952 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 2440 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MYR (ASX) Chart |