Published: 2026-08-21T06:27:27.000Z
Chart USD/MYR Update: Consolidating at 4.0340 low, but still heavy
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Break of support at the 4.0500/4.0460 area has seen extension to 4.0340 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0800 | congestion | S1 | 4.0300 | * | 50% May/Jun rally | ||
| R3 | 4.0750 | * | 30 Jul low | S2 | 4.0200 | * | congestion | |
| R2 | 4.0650 | ** | congestion | S3 | 4.0000 | ** | figure, 61.8% | |
| R1 | 4.0460/500 | * | Mar high, congestion | S4 | 3.9800 | ** | May high |
Asterisk denotes strength of level
06:15 GMT - Break of support at the 4.0500/4.0460 area has seen extension to 4.0340 low. Consolidation here see prices unwinding oversold intraday studies but pressure remains on the downside and see scope for break later to extend losses from the 4.0950 July high. Lower will see room for extension to the 4.0300/4.0200, 50% Fibonacci level and congestion area. Lower still, will see scope to target the 4.0000 figure and 61.8% Fibonacci level. Meanwhile, resistance at the 4.0460/4.0500 area is expected to cap and sustain losses from the 4.0950 high.