Published: 2025-08-08T02:44:28.000Z
Chart USD/MYR Update: Turned up in consolidation above 4.2100 support
Technical Analyst
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Steadied at the 4.2150 low as prices consolidate losses from the 4.2820 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3000 | * | congestion | S1 | 4.2100 | * | 25 Jul low | |
| R3 | 4.2920 | ** | Jun high | S2 | 4.1900 | * | May low | |
| R2 | 4.2820 | * | 1 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2500/80 | * | congestion, 11 Jul high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Steadied at the 4.2150 low as prices consolidate losses from the 4.2820 high of last week and unwind oversold intraday and daily studies. However, the downside remains vulnerable and a later break here and the 4.2100 level will expose the May and July lows at 4.1900/4.1800 to retest and see room to extend the broader losses from the January high. Meanwhile, resistance is lowered to the 4.2500/80 area which is expected to cap and sustain losses from the 4.2820 high of last week.