USD/MYR: Strong resistance at 4.4980 appears out of reach – UOB – by pabspiovano USDMYR Malaysia Currencies Crosses Banks
seems favoured for the time being, but a visit to the solid hurdle at 4.4980 seems not favoured, suggests FX Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research.“We highlighted last Monday that ‘the bias for USD/MYR is on the upside but the major resistance at 4.4980 is likely out of reach’. USD/MYR subsequently rose to 4.4890 before trading sideways.”
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