Published: 2025-08-19T03:22:24.000Z
Chart USD/MYR Update: Extend bounce from 4.1900 low
Technical Analyst
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Higher as prices extend bounce from the 4.1900/4.1800 support to retrace losses from the 4.2820 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2920 | * | 23 Jun high | S1 | 4.2050 | * | congestion | |
| R3 | 4.2820 | ** | 1 Aug high | S2 | 4.1900 | * | May low | |
| R2 | 4.2500/80 | * | congestion, 11 Jul high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2400 | * | congestion | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Higher as prices extend bounce from the 4.1900/4.1800 support to retrace losses from the 4.2820 high. Break above 4.2200 opens up room to resistance at the 4.2400 level and 4.2500/80 area. Clearance, if seen, will expose the 4.2820 high to retest. However, corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is raised to the .2050 congestion ahead of the 4.1900/4.1800 lows. Break of these will see extend the broader losses from the January high and see room to the 4.1500 congestion then 4.1000, September 2024 year low.