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USD/MYR Lowest In 2 Weeks Yesterday, Onshore Markets Closed Today

MYR

USD/MYR printed its lowest level since 17 August yesterday as the pair continues to trim August's gain.

  • The pair closed dealing at 4.6385, after falling ~0.2% yesterday.
  • A reminder that onshore markets are closed today for the observance of a national holiday.
  • Bulls target the high from 26 June (4.6915), a break through here opens the high from Nov 4 2022 (4.7495). Bears first target the 20-Day EMA (4.6244).
  • Looking ahead; tomorrow August S&P Global Mfg PMI is due. There is no estimate and the prior read was 47.8.

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