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Consolidating Below Resistance


Approaching Key Support


Hovering Just Off Monday's Late Cheaps


Climbs Above The 20-Day EMA

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Spot USD/MYR trades flat at MYR4.1140 as we type, after a rangebound Monday session. Bulls look to take out Jun 4 high of MYR4.1330, before targeting May 31 high of MYR4.1480. Bears need a slide through the 200-DMA at MYR4.1055, before taking aim at May 10 low of MYR4.0970.

  • Malaysia's Covid-19 vaccine czar Khairy confirmed that inoculations of workers from key economic sectors will start on Wednesday, with m'fing sector workers first in the line. Malaysia has earmarked 30,000 jabs for vaccinations of factory workers this month.
  • Palm oil futures tumbled in Kuala Lumpur at the start to the week, with analysts pointing to weaker soybean prices and softer demand from China as possible drivers.
  • There is little of note on Malaysia's economic docket this week.