USD/MYR Fall Cushioned by 3.2120 Chart Support

        0651 GMT [Dow Jones] USD/MYR fell Friday on broad U.S. dollar weakness giving the ringgit as much as a 0.5% boost against the U.S. unit. But the dollar fall stalled at 3.2120 where the entrance to the daily Bollinger downtrend channel currently provides support. If the ringgit manages to end the day stronger than 3.2120 the chart suggests more gains for the local currency may follow. Attention now turns to the U.S. nonfarm payrolls report due later Friday. A reading better than a median forecast for an added 210,000 jobs may give the U.S. dollar a boost. USD/MYR is now 3.2170 from its Thursday close of 3.2275. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires

        June 06, 2014 02:51 ET (06:51 GMT)