Published: 2026-08-18T02:48:00.000Z
Chart USD/MYR Update: Extend June losses
-
Sharply lower, as prices extend break of support at the 4.0750/4.0650 lows and the 4.0600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0950 | ** | Jul high | S1 | 4.0460 | ** | Mar high | |
| R3 | 4.0800 | * | congestion | S2 | 4.0300 | * | 50% May/Jun rally | |
| R2 | 4.0750 | * | 30 Jul low | S3 | 4.0000 | ** | figure, 61.8% | |
| R1 | 4.0650 | ** | congestion | S4 | 3.9800 | ** | May high |
Asterisk denotes strength of level
02:45 GMT - Sharply lower, as prices extend break of support at the 4.0750/4.0650 lows and the 4.0600 level. Break of these extend the broader losses from the 4.1545 June current year high and see room for deeper pullback to retrace rally from the 3.9070, May low. Nearby see strong support at 4.0460 March high. Break here will see room to 4.0300, 50% Fibonacci retracement. Lower still, will see extension to 4.0000 figure and 61.8% Fibonacci level. Meanwhile, the 4.0650/4.0750 recent July lows now turned resistance is expected to cap and sustain losses from 4.0950 congestion.