Published: 2025-07-28T03:27:20.000Z
Chart USD/MYR Update: Room to retest 4.1900/4.1800 lows
Technical Analyst
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Leaning lower following pullback from test of the 4.2500 level to reach towards 4.2050/4.2000 support
| 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
03:20 GMT - Leaning lower following pullback from test of the 4.2500 level to reach towards 4.2050/4.2000 support. Break here will expose the current year low at 4.1800 to retest and where reaction is expected as daily studies extend into oversold areas. Below this will extend the broader losses from the January YTD high at 4.5165 and see extension to support at 4.1500 congestion. Meanwhile, resistance at the 4.2500/4.2580 area is expected to cap and sustain losses within a 3-month descending triangle.