KUALA LUMPUR, Sept 26 (Bernama): The ringgit is poised to break above the month-to-date high of 4.1757 against the US dollar as it makes its way towards its 50-day moving average (MA), which currently resides around the 4.19 mark.
FXTM market analyst Han Tan said the currency pair’s 50-day MA had not been truly tested as a resistance level since early June when it gave up its role as a key support level, but heightened political uncertainty or risk aversion might just do the trick.
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