Published: 2026-03-11T04:42:21.000Z
Chart USD/MYR Update: Turned down from 3.9680 bounce high
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Turned down from the 3.9680 high as prices unwind overbought daily studies and retrace gains from the 3.8820 February current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0330 | * | Dec low | S1 | 3.9150 | * | Jan low | |
| R3 | 4.0000 | ** | figure, congestion | S2 | 3.8820 | ** | 26 Feb YTD low | |
| R2 | 3.9680 | ** | 9 Mar high | S3 | 3.8700 | * | Jan 2018 low | |
| R1 | 3.9500 | * | congestion | S4 | 3.8560 | ** | Apr 2018 year low |
Asterisk denotes strength of level
04:30 GMT - Turned down from the 3.9680 high as prices unwind overbought daily studies and retrace gains from the 3.8820 February current year low. Pullback threatens support at 3.9150 January low and congestion area which should underpin. Failure here will return focus to the downside for retest of the 3.9000 level and 3.8820 low. Meanwhile, resistance at the 3.9500/3.9680 area are expected to cap. Clearance here, if seen, will open up room for stronger corrective gains to retrace losses from the 4.5165, January 2025 year high.