USD/MYR Headed for 3.35500 Top of Uptrend Channel

        0310 GMT [Dow Jones] The ringgit could slip to 3.3550 versus the U.S. dollar on an intraday basis, the daily USD/MYR chart suggests. The bullish technical bias for the dollar was maintained by Monday's closing above the 3.3200 base of the Bollinger uptrend channel. The gradient of the channel has now steepened, raising the chart support for USD/MYR to 3.3250. The pair, currently at 3.3400 versus its Monday close of 3.3295, could mark a new high for 2014 if it surpasses 3.3465. The U.S. dollar is back up across the board Tuesday after a bout of weakness seen yesterday. Apart from underlying yen weakness due to Bank of Japan's easing measures, the slide in gold and oil prices is another factor boosting the greenback. Malaysia releases its September industrial production index at 0401 GMT. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires
        November 10, 2014 22:10 ET (03:10 GMT)