The continuation of the upside momentum in USD/MYR is expected to face a solid barrier around 4.4450, notes Markets Strategist Quek Ser Leang at UOB Group.
Key Quotes
“We noted last week that ‘further range trading appears likely’ and expected USD/MYR to trade in a range between 4.3930 and 4.4350. Our view of range-trading was not wrong even though USD/MYR traded in a narrower range than expected (4.3790/4.4200). Despite the relatively quiet price actions, upward momentum appears to be building, albeit tentatively.”
“This week, we expect USD/MYR to edge higher but any advance is expected to face solid resistance at 4.4450. Support is at 4.4050; a break below 4.3950 would indicate that the current mild upward pressure has eased.”
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن