Published: 2025-12-11T04:47:32.000Z
Chart USD/MYR Update: Extending losses
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Consolidation below the 4.1200/40 resistance has given way to renewed selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1900 | ** | May low | S1 | 4.1000 | ** | Sep 2024 year low | |
| R3 | 4.1800 | ** | Jul low | S2 | 4.0900 | * | Apr 2021 low | |
| R2 | 4.1470/00 | * | 18 Nov low, congestion | S3 | 4.0800 | * | congestion | |
| R1 | 4.1240 | ** | 14 Nov low | S4 | 4.0780 | * | 76.4% 2018/2024 rally |
Asterisk denotes strength of level
04:40 GMT - Consolidation below the 4.1200/40 resistance has given way to renewed selling pressure, break of the 4.1060 low turning focus to the 4.1000, September year low. Break here will further extend the broader losses from the 2024 year high and see room to support 4.0900/4.0800 congestion area and the 4.0780, 76.4% Fibonacci level. Lower still, will see extension to 4.0500 congestion. Meanwhile, resistance is lowered to the 4.1240 November low which is expected to cap and sustain losses from the January year high.