Published: 2025-11-07T04:57:06.000Z
Chart USD/MYR Update: Extending January losses
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Consolidation within the 4.1800/4.2000 area has given way to selling pressure to reach fresh year low at 4.1740
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2300/40 | ** | congestion, 27 Aug high | S1 | 4.1610 | 2 Oct 2024 low | ||
| R3 | 4.2230 | * | 21 Oct low | S2 | 4.1500 | * | congestion | |
| R2 | 4.2000 | * | congestion | S3 | 4.1150 | * | 25 Sep 2024 low | |
| R1 | 4.1800 | * | Jul low | S4 | 4.1000 | ** | Sep 2024 year low |
Asterisk denotes strength of level
05:00 GMT - Consolidation within the 4.1800/4.2000 area has given way to selling pressure to reach fresh year low at 4.1740. Negative daily and weekly studies keeps pressure on the downside and see room to extend losses from the 4.5165 January high. Lower will see room to the 4.1500 congestion. Below this will turn focus to the 4.1000 September 2024 year low. Meanwhile, resistance is lowered to 4.1800/4.2000 July low and congestion area which is expected to cap and sustain losses from the 4.2300/40 congestion and 27 August high.