Published: 2026-09-11T03:07:03.000Z
Chart USD/MYR Update: Extending gains
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Break above the 4.0650 resistance see prices extending to resistance at the 4.0750/4.0800 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1100 | 25 Jun low | S1 | 4.0600 | * | congestion | ||
| R3 | 4.0950 | ** | Jul, Aug highs | S2 | 4.0450 | ** | 2 Sep high | |
| R2 | 4.0800 | * | congestion | S3 | 4.0200 | * | congestion | |
| R1 | 4.0750 | * | 30 Jul low | S4 | 4.0000 | ** | figure, 61.8% |
Asterisk denotes strength of level
02:30 GMT - Break above the 4.0650 resistance see prices extending to resistance at the 4.0750/4.0800 area. Would expect reaction at the latter but positive weekly studies suggest scope for break to open up room for extension to strong resistance at 4.0950, July/August highs. Meanwhile, support is raised to 4.0600 level then the strong support at 4.0450 congestion and March high. Would take break here to return focus to the downside for retest of the 4.0200 low and extend the June losses to the 4.0000 figure and 61.8% Fibonacci level.