Published: 2025-07-14T05:45:52.000Z
Chart USD/MYR Update: Extend corrective gains
Technical Analyst
-
Break above the 4.2500 level see prices extending bounce from the 4.1800 current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3100 | * | 19 May high | S1 | 4.2050 | * | 26 May low | |
| R3 | 4.2920 | ** | Jun high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2720 | * | 22 May high | S3 | 4.1650 | 3 Oct low | ||
| R1 | 4.2580 | * | 11 Jul high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
05:35 GMT - Break above the 4.2500 level see prices extending bounce from the 4.1800 current year low as prices retrace losses from the 4.2920, June swing high. Nearby will see room for corrective bounce to resistance at 4.2720. Correction is expected to give way to renewed selling pressure later with support raised to 4.2050/4.2000 area. Below this will see room to retest the 4.1900/4.1800 lows. Break of these will extend the broader losses from the January YTD high at 4.5165 and see extension to the 4.1500 congestion.