Ringgit likely to trade between RM4.16 to RM4.23 against the US dollar next week


KUALA LUMPUR, Aug 15 (Bernama): The ringgit is expected to trade between the 4.16-4.23 level against the US dollar next week.

FXTM market analyst Han Tan said with the ringgit still slightly overbought against the greenback, a pullback in the week ahead above the 4.20 psychological level could call upon US dollar-ringgit 200-day simple moving average (SMA) to act as the resistance level around the 4.23 mark.

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Ringgit , US dollar , Q2 GDP , Foreign Exchange , FXTM , Han Tan

   

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