Ringgit continous dropping has a purpose.

Month ago when worldwide central banks competing devaluing their currency especially started by Japan.  We speculate that BNM may follow as suddenly RM becomes too strong that will affect our export.   As Malaysia’s manufacturers are not use to hedging as RM is still a semi protected currency.
We suspect BNM take this regional minor crisis and devalue naturally RM by not intervening into its dropping value.  But we see won’t be far.  Max acceptable USD vs RM level will be around 3.60 and below.   First support should be below USD 3.40.