Published: 2026-10-19T05:46:04.000Z
Chart USD/MYR Update: Drifting within a narrow range
1
Little change, as prices drift narrowly around 4.0800 following pullback from 4.0915 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1350 | * | congestion | S1 | 4.0750 | * | congestion | |
| R3 | 4.1250 | * | 26 Jun high | S2 | 4.0650 | ** | Jul low | |
| R2 | 4.1150 | * | congestion | S3 | 4.0600 | * | congestion | |
| R1 | 4.0950/00 | ** | Jul high, congestion | S4 | 4.0450 | ** | 2 Sep high |
Asterisk denotes strength of level
05:40 GMT - Little change, as prices drift narrowly around 4.0800 following pullback from 4.0915 high. Negative daily studies keep pressure on the downside and suggest scope for break of 4.0750 support to open up room for deeper pullback to support at the 4.0650/4.0600 area. Break of the latter will extend the pullback from strong resistance at the 4.0950/4.1000 highs and see room towards the 4.0450/4.0400 congestion area. Meanwhile, resistance remains at the 4.0915 high. Above here needed to open up room for retest of resistance at the 4.0950/4.1000 congestion area.