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USD/MYR Ticking Higher In Narrow Ranges

MYR

USD/MYR continues to tick higher in narrow ranges, the pair printed a fresh 3-month high before marginally paring gains. We now sit ~4% above levels seen in early August.

  • On Friday the pair is stable, dealing a touch above the 4.68 handle.
  • 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 (4.6584).
  • Looking ahead, the next data of note is August Export data on Monday.

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