# USD/MYR: Extra gains likely above 4.2060 – UOB — Elev8

> UOB analyst Quek Ser Leang said USD/MYR could advance further if it clears 4.2060, which it touched on February 24. Upward momentum is building, with the next resistance near 4.2150 and support at 4.1740 and 4.1620.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42535-usd-myr-extra-gains-likely-above-4-2060-uob-elev8
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit raises the local cost of dollar-priced feed imports into Malaysia, so the technical outlook is mildly negative for buyers.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- elev8.com: https://www.elev8.com/markets/news/view/956070/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.