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UOB analysts said selling pressure on USD/MYR should be limited around 4.1370, with a breach of the rising trend-line support near 4.1420 possible this week. The pair had traded in a narrower range of 4.1480 to 4.1695 than expected.
A move above 4.1630 would signal that downward pressure has eased.
This is routine technical currency commentary with no new fundamental cause. It has little direct effect on feed or palm oil prices.
teletrade.orgOct 26, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
