Published: 2025-09-29T03:07:55.000Z
Chart USD/MYR Update: Settling back from 4.2240 high
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Settling back from the 4.2240 corrective high as prices unwind the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2500 | * | congestion | S1 | 4.2000 | * | congestion | |
| R3 | 4.2400 | * | 8 Aug high | S2 | 4.1900 | * | May low | |
| R2 | 4.2340 | ** | 27 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2240 | * | 26 Sep high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Settling back from the 4.2240 corrective high as prices unwind the oversold intraday studies. Pullback threatens pullback to the 4.2000 congestion which is expected to underpin. Failure here, will expose the 4.1900/4.1800 lows to retest and threaten deeper pullback to retrace the 2024/2025 rally. Meanwhile, resistance at the 4.2240 high now expected to cap. Would take break here to open up room for stronger corrective bounce to retrace the January/July losses to the 4.2340/4.2400 resistance.