Published: 2026-07-21T04:16:48.000Z
Chart USD/MYR Update: Extend consolidation above 4.0650/4.0600
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Higher in consolidation from the 4.0650/4.0600 support to retest resistance at 4.0950
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1545 | ** | 22 Jun YTD high | S1 | 4.0650/00 | * | congestion | |
| R3 | 4.1400 | * | congestion | S2 | 4.0460 | ** | Mar high | |
| R2 | 4.1200 | * | congestion | S3 | 4.0200 | * | congestion | |
| R1 | 4.0950 | * | 1 Jul high | S4 | 4.0000 | * | figure |
Asterisk denotes strength of level
04:10 GMT - Higher in consolidation from the 4.0650/4.0600 support to retest resistance at 4.0950. The resulting bearish flag pattern suggest this giving way to fresh selling pressure later to extend losses from the June current year high. Break of 4.0650/00 support will open up room for deeper pullback to retrace the May/June rally to strong support at 4.0460. Break here will open up room for deeper pullback to support at the 4.0200 congestion and 4.0000 figure. Meanwhile, resistance at the 4.0950/4.1000 area is expected to cap and sustain losses from the 4.1545 high.