Will MYR weakness subside with this restriction in place? Only time will tell. From the chart, we can see that USD-MYR is now trading in the same pattern we saw in August 2015. Back then, USD-MYR broke above the holding level of 3.80, with MACD crossing above the MACD signal line and ADX breaching the preceding high. It then rallied to a high of 4.48 (or a gain of 18%). Now we saw the same breakout in the holding level of 4.25 last week, accompanied by a positive crossover in MACD (meaning uptrend) and a breakout of recent high in ADX (meaning uptrend momentum). My guess is that BNM is trying to cap USD-MYR at 4.50 by clamping down on the off-shore trading of MYR. If this failed, then MYR may potentially rally to 5.00 in the next 3 months' time.