Published: 2025-09-10T02:58:49.000Z
Chart USD/MYR Update: Consolidating at 4.2000 level
Technical Analyst
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Little change, as prices extend consolidation at the 4.2000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.2000 | * | congestion | |
| R3 | 4.2500 | * | congestion | S2 | 4.1900 | * | May low | |
| R2 | 4.2400 | * | 8 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2340 | * | 27 Aug high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Little change, as prices extend consolidation at the 4.2000 level following rejection from the 4.2340/4.2400 lower highs. The daily and weekly studies have turn down from overbought areas and suggest ranging action to give way to fresh selling pressure later within the descending traingle from the May high. Break of the 4.2000 level and the 4.1900/4.1800, May/July lows, will extend losses from the January high and see room to the 4.1500 congestion and 4.1250 support. Meanwhile, resistance at 4.2340/4.2400 area is expected to cap.