The post USD/MYR: Testing key supports on softer USD – OCBC appeared on BitcoinEthereumNews.com.

OCBC’s strategists Sim Moh Siong and Christopher Wong observe USD/MYR nearing key support as markets price optimism over US–Iran negotiations and a softer US Dollar (USD). They stress that Malaysia’s growth momentum and higher commodity prices continue to underpin foreign inflows, with a stable Renminbi (RMB) anchoring Malaysian Ringgit (MYR). A falling wedge suggests possible bullish reversal, with focus on 3.90–3.92 support and a potential move toward 3.88. Repricing geopolitics with firm fundamentals “Markets are repricing quickly on optimism that US and Iran are considering a return to the negotiation table while USD continued to trade on a softer footing.” “Fundamentals have not shifted – growth momentum remains intact, alongside higher commodity prices – and these drivers should continue to underpin foreign inflows.” “Elsewhere, a stable RMB continues to provide an anchor for MYR.” “Falling wedge observed – typically associated with a bullish reversal.” “Some support coming in around 3.90-3.92 levels. A decisive break below may see MYR challenge 3.88.” (This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.) Source: https://www.fxstreet.com/news/usd-myr-testing-key-supports-on-softer-usd-ocbc-202604162233

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Filed under: News - @ April 16, 2026 11:20 pm