Published: 2026-11-03T04:03:20.000Z
Chart USD/MYR Update: Extend corrective bounce
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Extending bounce from the 4.0450 support to reach strong resistance at 4.0780 as prices unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0950 | ** | Jul/Aug highs | S1 | 4.0650 | * | congestion | |
| R3 | 4.0915 | * | 8 Oct high | S2 | 4.0450 | ** | Mar high | |
| R2 | 4.0885 | * | 27 Oct high | S3 | 4.0200 | ** | Sep low | |
| R1 | 4.0780 | ** | 21 Oct low | S4 | 4.0000 | ** | figure, congestion |
Asterisk denotes strength of level
04:00 GMT - Extending bounce from the 4.0450 support to reach strong resistance at 4.0780 as prices unwind oversold intraday and daily studies. Break above the latter, if seen, will open up room for stronger gains to retest resistance at the 4.0885 and 4.0915, October highs. Would expect these to cap and give way to renewed selling pressure later. Meanwhile, support is raised to the 4.0650/4.0600 area. Break here will return focus to the downside for retest of the 4.0450 support and the 4.0400 level.