Published: 2025-09-19T03:07:33.000Z
Chart USD/MYR Update: Higher in consolidation from 4.1900/4.1800 support
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Steadied at the 4.1900/4.1800 May/July lows as prices unwind the oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2500 | * | congestion | S1 | 4.1900 | * | May low | |
| R3 | 4.2400 | * | 8 Aug high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2340 | * | 27 Aug high | S3 | 4.1500 | * | congestion | |
| R1 | 4.2000 | * | congestion | S4 | 4.1250 | * | 30 Sep high |
Asterisk denotes strength of level
03:10 GMT - Steadied at the 4.1900/4.1800 May/July lows as prices unwind the oversold daily studies. Bounce to regain the 4.2000 level see scope for stronger gains to retest resistance at the 4.2340/4.2400 lower highs. Clearance here, if seen, will open up the 4.2400/4.2500 area to retest. However, gains are seen corrective and expected to give way to renewed selling pressure later. Break of the 4.1900/4.1800 lows will extend losses from the 4.5165 January current year high and see room to 4.1500 congestion. Lower still turn focus to 4.1250 support then 4.1000, September 2024 year low.