Published: 2026-08-27T02:59:28.000Z
Chart USD/MYR Update: Consolidating above 4.0200 support
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Steadied just above the 4.0200 level as prices consolidate losses from the 4.0950, July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0800 | congestion | S1 | 4.0200 | * | congestion | ||
| R3 | 4.0750 | * | 30 Jul low | S2 | 4.0000 | ** | figure, 61.8% | |
| R2 | 4.0650 | ** | congestion | S3 | 3.9800 | ** | May high | |
| R1 | 4.0460/500 | * | Mar high, congestion | S4 | 3.9600 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Steadied just above the 4.0200 level as prices consolidate losses from the 4.0950, July high. Bounce see prices unwinding oversold intraday and daily studies but corrective likely to be limited and expected to give way to renewed selling pressure later. Below the 4.0200 congestion will see room to extend the June losses to the 4.0000 figure and 61.8% Fibonacci level. Lower still, will see room to strong support at the 3.9800, May high. Meanwhile, resistance at the 4.0460/4.0500 area is expected to cap and sustain recent losses from the July high.