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Firms At The Margin

MYR

Spot USD/MYR has slipped as onshore trading re-opened in Kuala Lumpur, with domestic headline flow particularly thin today. The rate changes hands at MYR4.1875 at typing, down 20 pips on the day.

  • Bears look for losses past the 200-DMA/Feb 4 low at MYR4.1763/62 before targeting Jan 13 low of MYR4.1720. On the flip side, a jump above Jan 27 high of MYR4.2070 would shift focus to Jan 7 high of MYR4.2175.

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