USD/MYR: Scope for a move to 4.5000 near term – UOB – by pabspiovano USDMYR Malaysia Currencies Crosses Banks
Further upside could prompt USD/MYR to revisit the 4.5000 region in the short term, suggests Market Strategist at UOB Group Quek Ser Leang.“Last Monday , we highlighted that ‘the overbought advance has room to extend to 4.4550’. We added, ‘the next major resistance level at 4.5000 is unlikely to be tested this week. Our expectations did not materialize and USD/MYR traded between 4.4150 and 4.4420 before closing little changed at 4.4330 on Friday .
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