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USD/MYR Keeps Pushing Higher

MYR

Spot USD/MYR has inched higher in early trade, as onshore markets have caught up with overnight greenback strength, just enough to print a three-month high. The rate last changes hands at MYR4.2140, up 35 pips on the day.

  • The next key layer of resistance is provided by MYR4.2450, which capped gains on Aug 18. Meanwhile, a pullback under the 100-DMA at MYR4.1851 would bring Nov 15 low of MYR4.1580 into view.
  • Local headline flow has been fairly light over the last 24 hours.

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