Further upside appears on the cards for USD/MYR in the near term, notes Markets Strategist Quek Ser Leang UOB Group.
Key Quotes
Our view for USD/MYR to trade in a range last week was incorrect. Instead of trading in arrange, USD/MYR rose to a high of 7.7060. Upward momentum is improving, and this week, USD/MYR is likely to rise further to 4.7150.
A break of this level is not ruled out, but at this stage, it is premature to expect USD/MYR to rise to last year’s peak at 4.7470. Support is at 4.6820; if USD/MYR breaks below 4.6730, it would mean that it is not rising further.
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