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OCBC notes the ringgit has weakened alongside regional peers despite Malaysia's commodity-exporter status. It identifies an inverted head-and-shoulders pattern in USDMYR, typically a bullish reversal signal, with resistance at 4.0150, 4.0330 and 4.0560.
Support sits at 3.9630 and 3.9370.
Technical signals point to further ringgit weakness in a risk-off environment, which raises the local cost of dollar-priced feed imports.
fxstreet.comFXStreet Insights TeamMar 30, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
