Published: 2026-07-17T03:01:14.000Z
Chart USD/MYR Update: Extend consolidation above 4.0650
1
Remains above the 4.0650/4.0600 support as prices consolidate losses from the 4.1545 June current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1545 | ** | 22 Jun YTD high | S1 | 4.0650/00 | * | congestion | |
| R3 | 4.1400 | * | congestion | S2 | 4.0460 | ** | Mar high | |
| R2 | 4.1200 | * | congestion | S3 | 4.0200 | * | congestion | |
| R1 | 4.0950 | * | 1 Jul high | S4 | 4.0000 | * | figure |
Asterisk denotes strength of level
03:00 GMT - Remains above the 4.0650/4.0600 support as prices consolidate losses from the 4.1545 June current year high. The resulting descending triangle keep pressure on the downside and suggest scope for break to retrace the May/June rally to strong support at 4.0460. Daily and weekly studies are unwinding overbought readings and threatens break here to see room to 4.0200 congestion and 4.0000 figure. Meanwhile, resistance remains at the 4.0950/4.1000 high of 1 July and congestion area which is expected to cap and sustain losses from the 4.1545 high.