Free Trial

Heading South




Breaches Key Short-Term Support


Late SOFR/Treasury Option Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
DOLLAR-MYR TECHS: Bears Need Close Below Myr3.9250
*RES 4: Myr4.0450 - Monthly Low Dec 5 now resistance 
*RES 3: Myr4.0260 - High Jan 3 
*RES 2: Myr3.9932 - 200-WMA 
*RES 1: Myr3.9830 - Low Jan 8 now resistance
*PRICE: Myr3.9430 @ 2300GMT
*SUP 1: Myr3.9250 - High Mar 16 now support 
*SUP 2: Myr3.9018 - 21-DMA 
*SUP 3: Myr3.8990 - 55-DMA
*SUP 4: Myr3.8890 - Low Apr 20
*COMMENTARY: The recovery from 2018 lows sees the pair gaining traction above
the 100-DMA (Myr3.9291) with focus now on tests of the 200-WMA. Bulls now need a
close above the 200-WMA to shift focus to Myr4.0260-0673 where the 200-DMA is
noted. O/B studies are the key concern for bulls. Bears now look for a close
below Myr3.9250 to ease bullish pressure and below Myr3.8890 to shift focus back
to 2018 lows.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.