Published: 2025-11-13T03:11:26.000Z
Chart USD/MYR Update: Pressure remain on the downside
1
Edged off the 4.1240 low as prices consolidate breakdown from the 4.1900/4.1800 lows
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2230 | * | 21 Oct low | S1 | 4.1200 | * | congestion | |
| R3 | 4.2000 | * | congestion | S2 | 4.1000 | ** | Sep 2024 year low | |
| R2 | 4.1800 | * | Jul low | S3 | 4.0900 | * | Apr 2021 low | |
| R1 | 4.1500 | * | congestion | S4 | 4.0750 | * | Feb 2021 high |
Asterisk denotes strength of level
03:10 GMT - Edged off the 4.1240 low as prices consolidate breakdown from the 4.1900/4.1800 lows and unwind oversold intraday studies. However, pressure remains firmly on the downside and break here will see room for extension to support at 4.1200 congestion. Lower still, will turn focus to the 4.1000 September 2024 year low where reaction can be expected as daily and weekly studies push deep into oversold area. Meanwhile, resistance is lowered to the 4.1500 congesion. Above here will open up room for stronger corrective bounce to the 4.1800/4.1900, July/May lows.