Published: 2025-08-27T05:52:18.000Z
Chart USD/MYR Update: Extend consolidation above 4.2000
Technical Analyst
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Limited on break of the 4.2000 level and subsequent rebound from 4.1960 low keep prices in consolidation above the critical 4.1900/4.1800, May/July lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.1900 | * | May low | |
| R3 | 4.2500/80 | * | congestion, 11 Jul high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2400 | * | 8 Aug high | S3 | 4.1500 | * | congestion | |
| R1 | 4.2320 | * | 22 Aug high | S4 | 4.1250 | * | 30 Sep high |
Asterisk denotes strength of level
05:45 GMT - Limited on break of the 4.2000 level and subsequent rebound from 4.1960 low keep prices in consolidation above the critical 4.1900/4.1800, May/July lows. Daily studies have turned mixed and suggest consolidation extending above the 4.2000 level. Bounce see room for retest of the 4.2320/4.2400 lower highs and the 4.2500 level. Corrective bounce are expected to give way to fresh selling pressure later. Break of the 4.1900/4.1800 lows will extend the January losses and see room to the 4.1500 congestion and 4.1250 support.