USD/MYR: Next resistance comes at 4.62 – UOB – by pabspiovano USDMYR Malaysia Currencies Crosses Banks
to the 4.62 level in the near term, according to FX Strategist Quek Ser Leang at UOB Group’s Global Economics & Markets Research.“While we expected USD/MYR to strengthen last week, we were of the view that ‘overbought short-term conditions could ‘limit’ gains to 4.5550’. We underestimated the upward momentum as USD/MYR easily took out 4.5550.”
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