• USD/MYR now targets 4.6360 and above – UOB

Noticias del mercado

12 junio 2023

USD/MYR now targets 4.6360 and above – UOB

Markets Strategist Quek Ser Leang at UOB Group suggests USD/MYR could surpass the key resistance level at 4.6360 in the short term.

Key Quotes

While the recent advance in USD/MYR appears to have slowed somewhat, there is no sign of a possible reversal just yet.

This week, while there is room for USD/MYR to break above last month’s high of 4.6360, it might not be able to maintain a foothold above this level. The next resistance at 4.6600 is unlikely to come into view. Support is at 4.6050, a break of 4.5850 would suggest the current upward pressure has faded.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: