USD/MYR faces solid resistance around 4.5550 – UOB – by pabspiovano USDMYR Malaysia Currencies Crosses
to meet the next resistance of note at 4.5550, note 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 it ‘could advance further but the resistance at 4.5100 is unlikely to come into view for now’. We underestimated the upward momentum as USD/MYR soared to 4.5330 last Friday before extending its advance today. Upward momentum is strong and USD/MYR is likely to strengthen further.
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