Published: 2026-08-04T02:26:14.000Z
Chart USD/MYR Update: Pressuring 4.0950/4.1000 resistance
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Bounce from the 4.0750 low of last week see prices back to pressure resistance at the 4.0950/4.1000 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1545 | ** | 22 Jun YTD high | S1 | 4.0650/00 | * | congestion | |
| R3 | 4.1350 | * | congestion | S2 | 4.0460 | ** | Mar high | |
| R2 | 4.1150 | * | congestion | S3 | 4.0200 | * | congestion | |
| R1 | 4.0950 | * | 1 Jul high | S4 | 4.0000 | * | figure |
Asterisk denotes strength of level
02:20 GMT - Bounce from the 4.0750 low of last week see prices back to pressure resistance at the 4.0950/4.1000 area. Daily studies have turned up and suggest scope for break here to open up room for stronger gains to the 4.1150/4.1200 congestion area. However, negative weekly studies suggest corrective gains giving way to renewed selling pressure later. Break of support at the 4.0650/4.0600 lows will extend the pullback from the 4.1545 June current year high and see room for deeper pullback to retrace the May/June rally to strong support at 4.0460/4.04600 area.