Published: 2026-10-12T02:33:18.000Z
Chart USD/MYR Update: Leaning lower in consolidation
1
Settling back from the 4.0915 high of last week to leave strong resistance at the 4.0950/4.1000 area unchallenged
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1350 | * | congestion | S1 | 4.0750 | * | congestion | |
| R3 | 4.1250 | * | 26 Jun high | S2 | 4.0650 | ** | Jul low | |
| R2 | 4.1150 | * | congestion | S3 | 4.0600 | * | congestion | |
| R1 | 4.0950/00 | ** | Jul high, congestion | S4 | 4.0450 | ** | 2 Sep high |
Asterisk denotes strength of level
02:30 GMT - Settling back from the 4.0915 high of last week to leave strong resistance at the 4.0950/4.1000 area unchallenged. Pullback see support at the 4.0750/4.0650 area which should underpin. However, daily studies have turned down from overbought areas and threatens break here to fade the upside pressure and open up room for deeper pullback to retrace the September gains. Break will see room to support at the 4.0450/4.0400 congestion area. Meanwhile, resistance at the 4.0950/4.1000 congestion area is expected to cap.