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(Z1) Off Lows, But Remains Weak


Still Vulnerable


Bullish Price Sequence

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Spot USD/MYR trades down 5 pips at MYR4.1925, with market holidays in China, Taiwan and South Korea limiting activity in the region. The local headline flow has been rather limited.

  • Bulls look to a clearance of the 50-DMA, which intersects at MYR4.2014. On the flip side, initial downside focus falls on Sep 15 low of MYR4.1572.
  • Today's parliamentary sitting will focus on the status of the implementation of Undi 18 (a constitutional amendment which lowers the voting age) and some fairly minor Covid-19-related matters.
  • Malaysia's CPI will hit the wires on Friday, with BBG consensus forecast looking for an unchanged pace of inflation.