Published: 2025-09-02T03:33:16.000Z
Chart USD/MYR Update: Extend consolidation above 4.2000
Technical Analyst
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Edged up from test of the 4.2000 level to extend consolidation above the 4.1900 and 4.1800 lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.1900 | * | May low | |
| R3 | 4.2500 | * | congestion | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2400 | * | 8 Aug high | S3 | 4.1500 | * | congestion | |
| R1 | 4.2340 | * | 27 Aug high | S4 | 4.1250 | * | 30 Sep high |
Asterisk denotes strength of level
03:30 GMT - Edged up from test of the 4.2000 level to extend consolidation above the 4.1900 and 4.1800 lows. Daily studies have turned mixed and suggest room to extend ranging action to retest the 4.2320/4.2400 lower highs and the 4.2500 level. However, gains are seen corrective and expected to give way to fresh selling pressure later. Break of the 4.1900/4.1800, May/July lows, will extend losses from the January high and see room to support at the 4.1500 congestion and 4.1250 support.