Published: 2025-07-30T03:04:12.000Z
Chart USD/MYR Update: Higher in consolidation to approach 4.2500/80 resistance
Technical Analyst
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Extending bounce from the 4.2100 low to approach resistance at the 4.2500/80 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3100 | * | 19 May high | S1 | 4.2100 | * | 25 Jul low | |
| R3 | 4.2920 | ** | Jun high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2720 | * | 22 May high | S3 | 4.1650 | 3 Oct low | ||
| R1 | 4.2500/80 | * | congestion, 11 Jul high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Extending bounce from the 4.2100 low to approach resistance at the 4.2500/80 area. Would expect reaction here to sustain the bearish prices action from the 4.3350, May swing high. Clearance, if seen, will see room for extension to retest the June high at 4.2920. Meanwhile, support is at the 4.2100 low of last week and break here and the 4.2000 level will return focus to the downside for retest of the 4.1900 and 4.1800, May low and July current year low.