- Analytics
- News and Tools
- Market News
- USD/MYR: Extra pullbacks not ruled out – UOB
USD/MYR: Extra pullbacks not ruled out – UOB
USD/MYR could grind lower in the near term, although it is unlikely to challenge the 4.4300 region, according to Quek Ser Leang at UOB Group’s Global Economics & Markets Research.
Key Quotes
“USD/MYR traded within a relatively quiet manner between 4.4450 and 4.4590 last week. Despite the quiet price actions, the underlying tone has softened somewhat.”
“For this week, USD/MYR could drift lower but is unlikely to threaten the rising trend-line support at 4.4300. On the upside, the high of 4.4590 is a strong resistance now.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
