Published: 2026-08-26T02:42:28.000Z
Chart USD/MYR Update: Extending June losses
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Consolidation above the 4.0350 low has given way to fresh selling pressure to extend losses from the 4.1545, June current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0800 | congestion | S1 | 4.0200 | * | congestion | ||
| R3 | 4.0750 | * | 30 Jul low | S2 | 4.0000 | ** | figure, 61.8% | |
| R2 | 4.0650 | ** | congestion | S3 | 3.9800 | ** | May high | |
| R1 | 4.0460/500 | * | Mar high, congestion | S4 | 3.9600 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Consolidation above the 4.0350 low has given way to fresh selling pressure to extend losses from the 4.1545, June current year high. Break of the 4.0300 Fibonacci level see room to target the 4.0200 congestion then the 4.0000 figure and 61.8% Fibonacci level. Lower still, will open up room to strong support at the 3.9800, May high. Meanwhile, resistance at the 4.0460/4.0500 area is expected to cap and sustain recent losses from the July high. Only above here will see room for stronger bounce and towards strong resistance at 4.0600/4.0650 previous lows.