Published: 2025-07-21T03:01:48.000Z
Chart USD/MYR Update: Leaning lower from 4.2580 high
Technical Analyst
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Limited probes above the 4.2500 level see prices leaning lower to consolidate gains from the 4.1800, current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3100 | * | 19 May high | S1 | 4.2050 | * | 26 May low | |
| R3 | 4.2920 | ** | Jun high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2720 | * | 22 May high | S3 | 4.1650 | 3 Oct low | ||
| R1 | 4.2500/80 | * | congestion, 11 Jul high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Limited probes above the 4.2500 level see prices leaning lower to consolidate gains from the 4.1800, current year low. Pullback see support at the 4.2050/4.2000 area expected to underpin. Would take break here to return focus to the 4.1800 low and see room to extend the broader losses from the January YTD high at 4.5165 and see extension to support at 4.1500 congestion. Meanwhile, clear break above 4.2500 congestion and 4.2580 high will open up room to extend corrective bounce to resistance at 4.2720 and 4.3000 congestion.