# US$/MYR, where to? South, North, or should we rather see a choppy trend?

> A technical analysis of the US dollar against the ringgit finds the pair has moved in a channel between roughly 4.05 and 4.20 since the government change in March 2020. It notes a broader range of 3.89 to 4.45 over four years and a gradual ringgit appreciation since the movement control orders were lifted.

- Date: 2021-02-23 · published 2021-02-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48914-us-myr-where-to-south-north-or-should-we-rather-see-a-choppy-trend
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency range analysis matters to palm oil buyers who price Malaysian supply in dollars. The analysis describes trends rather than a new shock.

## Read by commodity

- USDMYR: neutral

## Sources

- emirresearch.com: https://www.emirresearch.com/us-myr-where-to-south-north-or-should-we-rather-see-a-choppy-trend/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.