# USD/MYR: A breakout of 4.2000 is not ruled out – UOB — Octa

> UOB analysts said USD/MYR could break above the 4.2000 resistance level after the pair hit 4.1905 on July 9. They flagged 4.2220 as the next resistance and 4.1750 as support.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46329-usd-myr-a-breakout-of-4-2000-is-not-ruled-out-uob-octa
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A forecast of further ringgit weakness signals higher ringgit costs for Malaysian feed importers, though this is technical commentary rather than a new supply or demand event.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/912336/

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