#USDMYR @ 4.37300 could now debilitate towards the 4.3570 region – UOB
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
In the opinion of Markets Strategist at UOB Group Quek Ser Leang, USD/MYR could lose further momentum and visit the 4.3570 zone in the short-term horizon.
“Last week, USD/MYR traded in a relatively quiet manner between 4.3850 and 4.4050 before closing little changed at 4.4010 (+0.02%). USD/MYR dropped below 4.3850 today and downward momentum is beginning to build.”
“This week, USD/MYR is likely to trade with a downward bias toward last month’s low of 4.3570, possibly 4.3400. Resistance is at 4.4050, followed by 4.4200.”
[/s2If]
Join Our Telegram Group
