Published: 2026-10-20T02:46:51.000Z
Chart USD/MYR Update: Coiled around 4.0800 level
1
Still little change, as prices drift narrowly around 4.0800 following pullback from 4.0915 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1150 | * | congestion | S1 | 4.0750 | * | congestion | |
| R3 | 4.0985 | ** | Sep high | S2 | 4.0650 | ** | Jul low | |
| R2 | 4.0950 | ** | Jul high, congestion | S3 | 4.0600 | * | congestion | |
| R1 | 4.0915 | * | 8 Oct high | S4 | 4.0450 | ** | 2 Sep high |
Asterisk denotes strength of level
05:40 GMT - Still little change, as prices drift narrowly around 4.0800 following pullback from 4.0915 high. Daily studies have turned mixed and suggest further ranging action likely to extend. Would take break of the 4.0750 congestion to open up room for deeper pullback to the 4.0650/4.0600 area. Below here will extend the pullback from strong resistance at the 4.0985 high and see room towards the 4.0450/4.0400 congestion area. Meanwhile, resistance remains at the 4.0915 high. Above here will open up room for retest of resistance at the 4.0950/4.0985, July/September highs.