USD/MYR: Further consolidation remains in store – UOB – by pabspiovano USDMYR Malaysia Currencies Banks Crosses
should maintain the 4.4500-4.4900 range for the time being, suggests Market Strategist Quek Ser Leang at UOB Group.“Our expectations for USD/MYR to test the major resistance at 4.5000 did not quite materialize as it rose to 4.4950 to end the week at 4.4730 .”
“Overbought conditions combined with waning upward momentum suggest USD/MYR is unlikely to advance further.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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