Published: 2026-08-06T02:24:11.000Z
Chart USD/MYR Update: Extend consolidation below July high
1
Little change, as prices extend consolidation below the 4.0950 resistance
| 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 | * | Jul high | S4 | 4.0000 | * | figure |
Asterisk denotes strength of level
02:20 GMT - Little change, as prices extend consolidation below the 4.0950 resistance. Negative daily and weekly studies suggest room for pullback to retest support at the 4.0750/4.0650 lows. Break here will extend losses 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. Meanwhile, resistance at the 4.0950 July high is expected to cap and sustain losses from the 4.1545. June current year high.