USD/MYR faces a solid resistance at 4.4410 ahead of 4.4550 – UOB – by pabspiovano USDMYR Currencies Crosses Banks Malaysia
“Last Monday , we highlighted that USD/MYR ‘is likely to edge higher but any advance is expected to face solid resistance at 4.4450’. While USD/MYR rose as expected, it did not quite threaten the resistance at 4.4450 .”
“The underlying appears to be firm, and the bias for USD/MYR this week is still on the upside. That said, there are a couple of strong resistance levels at 4.4410 and 4.4550. Support is at 4.4190, followed by 4.3790.”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.
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