USD/MYR: No changes to the consolidative mood – UOB

Pablo Piovano FXStreet

Markets Strategist Quek Ser Leang at UOB Group expects USD/MYR to extend the current side-lined trading in the next few sessions.

Key Quotes

Last week, we highlighted that USD/MYR “could continue to trade in a range this week, likely between 4.6200 and 4.6700.” USD/MYR then traded in a narrower range of 4.6270/4.6540.

The quiet price actions offer no fresh clues, and we continue to expect USD/MYR to trade in a range, likely between 4.6250 and 4.6660.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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