Published: 2025-06-23T06:52:53.000Z
Chart USD/MYR Update: Higher in consolidation
Technical Analyst
8
Sharply higher to extend break of resistance at the 4.2500 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3720 | ** | Jan low | S1 | 4.2500 | * | congestion | |
| R3 | 4.3500 | * | congestion | S2 | 4.2170 | * | 12 Jun low | |
| R2 | 4.3350 | ** | 13 May high | S3 | 4.2050 | * | 26 May low | |
| R1 | 4.3000 | * | congestion | S4 | 4.1900 | ** | 5 May YTD low |
Asterisk denotes strength of level
06:45 GMT - Sharply higher to extend break of resistance at the 4.2500 congestion. Rally shift to the 4.3000 level and clearing this will return focus to the 4.3350, May high. Would expected reaction at the latter while clearance will open up room for extension to resistance at the 4.3720, January low. Meanhile, support is raised to the 4.2500 congestion which should now underping and sustain bounce from the 4.2170 and 4.2050 lows. Below these will expose the 5 May current year low at 4.1900 to retest.