Published: 2025-08-25T07:09:31.000Z
Chart USD/MYR Update: Under pressure
Technical Analyst
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Under pressure as rejection from the 4.2320 high to break the 4.2000 level opens up the 4.1900/4.1800 May/July lows to retest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.1900 | * | May low | |
| R3 | 4.2500/80 | * | congestion, 11 Jul high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2400 | * | 8 Aug high | S3 | 4.1500 | * | congestion | |
| R1 | 4.2320 | * | 22 Aug high | S4 | 4.1250 | * | 30 Sep high |
Asterisk denotes strength of level
07:00 GMT - Under pressure as rejection from the 4.2320 high to break the 4.2000 level opens up the 4.1900/4.1800 May/July lows to retest. Negative daily and weekly studies highlights risk for break here to extend the January losses and see room to the 4.1500 congestion and 4.1250 support. Below this will return focus to 4.1000, September 2024 year low. Meanwhile, resistance at the 4.2320/4.2400 lower highs are expected to cap and limit corrective bounce.