CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58.18% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

logo
LoginCreate account
Learn / Market News / USD/MYR: Consolidation near highs with upside risks – OCBC

USD/MYR: Consolidation near highs with upside risks – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong report that USD/MYR is consolidating near recent highs after an early-week run-up, supported by broader USD strength and soggy risk sentiment. Geopolitical headlines around Iran and energy markets are seen as key drivers. They warn that further escalation could trigger risk-off flows, weakening high-beta Asian FX including MYR, with clear resistance and support levels outlined.

High-beta MYR vulnerable to risk-off flows

"USD/MYR. Consolidation near recent highs. USD/MYR consolidated this week after the run-up in early week. Combination of USD strength, soggy risk sentiments weighed on Asian FX, including MYR."

"For now, geopolitical headlines dominate and developments remain fluid. If tensions continue to escalate and trigger broad risk-off conditions, leading to further equity selloffs, EM outflows and rush for USD liquidity, then high-beta Asian FX, including MYR, can weaken temporarily regardless of oil/commodity dynamics."

"USD/MYR last seen at 3.9450 levels. Bullish momentum on daily chart intact while rise in RSI moderated. 2-way trades likely."

"Resistance at 3.95, 3.9630 (23.6% fibo retracement of Oct high to Feb low) and 3.9865 (50 DMA). Support at 3.9180 (21 DMA), 3.88 levels."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

ATC logo

There is a high level of risk in Margined Transaction products, as Contract for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to the leverage. Trading CFDs may not be suitable for all traders as it could result in the loss of the total deposit or incur a negative balance; only use risk capital.

ATC Brokers Limited (United Kingdom) is authorised and regulated by the Financial Conduct Authority (FRN 591361).

ATC Brokers Limited (Cayman Islands) is authorised and regulated by the Cayman Islands Monetary Authority (FRN 1448274).

Prior to trading any CFD products, review all the terms and conditions and you should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall ATC Brokers Limited have any liability to any person or entity for any loss or damage in whole or part cause by, resulting from, or relating to any transactions related to CFDs.

Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

United States applicants will need to qualify as an Eligible Contract Participant as defined in the Commodity Exchange Act §1a(18), by the Commodity Futures Trading Commission for the application to be considered.

© 2026 ATC Brokers. All rights reserved