Published: 2025-12-01T04:06:08.000Z
Chart USD/MYR Update: Consolidating
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Little change, as prices extend consolidation above the 4.1240 YTD low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2000 | * | congestion | S1 | 4.1240/00 | ** | 14 Nov YTD low | |
| R3 | 4.1900 | ** | May low | S2 | 4.1200 | * | congestion | |
| R2 | 4.1800 | ** | Jul low | S3 | 4.1000 | ** | Sep 2024 year low | |
| R1 | 4.1470/00 | * | 18 Nov low, congestion | S4 | 4.0900 | * | Apr 2021 low |
Asterisk denotes strength of level
04:00 GMT - Little change, as prices extend consolidation above the 4.1240 YTD low. Daily and weekly studies have turned mixed aat oversold areas and caution corrective bounce following sharp losses from the 4.2300, October high. Break of the 4.1240 low and 4.1200 level, if seen, will turn to the 4.1000 level and September 2024 year low. Meanwhile, resistance is at the 4.1470/4.1500 congestion area which is expected to cap. Only above here will ease the downside pressure and see room for stronger corrective bounce.