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UOB analyst Quek Ser Leang said USD/MYR could advance further if it clears 4.2060, which it touched on February 24. Upward momentum is building, with the next resistance near 4.2150 and support at 4.1740 and 4.1620.
A weaker ringgit raises the local cost of dollar-priced feed imports into Malaysia, so the technical outlook is mildly negative for buyers.
elev8.comMar 1, 2022Not 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.
