Published: 2026-10-30T03:04:39.000Z
Chart USD/MYR Update: Extending losses
1
Extending sharp pullback from the 4.0885 Tuesday's high to reach the 4.0450 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0915 | * | 8 Oct high | S1 | 4.0450 | ** | Mar high | |
| R3 | 4.0885 | * | 27 Oct high | S2 | 4.0200 | ** | Sep low | |
| R2 | 4.0780 | ** | 21 Oct low | S3 | 4.0000 | ** | figure, congestion | |
| R1 | 4.0650 | * | Jul, 23 Sep lows | S4 | 3.9800 | * | May high |
Asterisk denotes strength of level
03:00 GMT - Extending sharp pullback from the 4.0885 Tuesday's high to reach the 4.0450 support. Daily and weekly studies are tracking lower and suggest scope for break here to open up room for extension to retest the 4.0200 September low. Reaction at the latter can be expected but a later break will see further retrace the February/June rally and see extension to the 4.0000 figure. Meanwhile, resistance is lowered to the 4.0650 congestion now expected to cap and sustain losses from the broader 4.0985 September swing high.