Published: 2026-05-18T04:21:52.000Z
Chart USD/MYR Update: Extending bounce from 3.9070 low
1
Sharply higher to extend bounce from the 3.9070 low of 7 May to reach 3.9775 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0610 | 16 Jan high | S1 | 3.9400 | * | 15 Apr low | ||
| R3 | 4.0460 | ** | 31 Mar high | S2 | 3.9070 | ** | 7 May low | |
| R2 | 4.0200 | * | congestion | S3 | 3.8820 | ** | 26 Feb YTD low | |
| R1 | 4.0000 | ** | figure | S4 | 3.8680 | * | Jan 2018 low |
Asterisk denotes strength of level
04:20 GMT - Sharply higher to extend bounce from the 3.9070 low of 7 May to reach 3.9775 intraday high. Higher will see room for stronger corrective bounce to retrace losses from the 4.0460 March high to the 4.0000 figure. Above here, if seen, will see scope to the 4.0200 resistance and 4.0460 March high. However, corrective gains are expected to give way to renewed selling pressure later with support raised to the 3.9500/3.9400 congestion area. Break here will return focus to the 3.9070 low where break will expose the 3.8820 February current year low to retest.