Published: 2026-08-28T04:31:23.000Z
Chart USD/MYR Update: Shallow bounce from 4.0220 low
-
Little change, as prices steadied at the 4.0220 low to consolidate losses from the 4.0950, July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0800 | congestion | S1 | 4.0200 | * | congestion | ||
| R3 | 4.0750 | * | 30 Jul low | S2 | 4.0000 | ** | figure, 61.8% | |
| R2 | 4.0650 | ** | congestion | S3 | 3.9800 | ** | May high | |
| R1 | 4.0460/500 | * | Mar high, congestion | S4 | 3.9600 | * | congestion |
Asterisk denotes strength of level
04:30 GMT - Little change, as prices steadied at the 4.0220 low to consolidate losses from the 4.0950, July high. Bounce here see prices unwinding oversold intraday and daily studies but correction likely to be limited and expected to give way to renewed selling pressure later. Below support at the 4.0200 congestion will see room to extend the June losses to the 4.0000 figure and 61.8% Fibonacci level. Lower still, will open up room to strong support at the 3.9800, May high. Meanwhile, resistance at the 4.0460/4.0500 area is expected to cap and sustain recent losses from the July high.