Published: 2026-08-25T05:17:13.000Z
Chart USD/MYR Update: Consolidating, room for lower later
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Little change, as prices edged up from the 4.0350 low to consolidate recent sharp losses from the 4.0950, July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0800 | congestion | S1 | 4.0300 | * | 50% May/Jun rally | ||
| R3 | 4.0750 | * | 30 Jul low | S2 | 4.0200 | * | congestion | |
| R2 | 4.0650 | ** | congestion | S3 | 4.0000 | ** | figure, 61.8% | |
| R1 | 4.0460/500 | * | Mar high, congestion | S4 | 3.9800 | ** | May high |
Asterisk denotes strength of level
05:10 GMT - Little change, as prices edged up from the 4.0350 low to consolidate recent sharp losses from the 4.0950, July high. Consolidation see prices unwinding oversold intraday and daily studies but pressure remains on the downside and see scope for break later to extend the June losses to support at the 4.0200 congestion. Lower still, will see scope to target the 4.0000 figure and 61.8% Fibonacci level. Meanwhile, resistance remains at the 4.0460/4.0500 area. Only above here will see room for stronger bounce and towards resistance at 4.0600/4.0650 previous lows.