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USD/MYR has added 167 pips and last......>

DOLLAR-MYR
DOLLAR-MYR: USD/MYR has added 167 pips and last changes hands at MYR4.3685. The
ringgit is pressured by softer oil prices and underperforms its Asian EM peers.
- A break above Apr 22 high of MYR4.4032 is needed to reinstate bullish momentum
and bring Mar 23 high of MYR4.4490 into view. On the flip side, bears target the
50-DMA/Apr 14 trough at MYR4.3063/4.2980 to start with.
- Malaysia's economic docket is empty this week, but the BNM delivers its
monetary policy decision next week.

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