Published: 2026-08-14T02:52:56.000Z
Chart USD/MYR Update: Extend consolidation below 4.0950, July high
1
Little change, as prices extend consolidation below the 4.0950 July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1545 | ** | 22 Jun YTD high | S1 | 4.0750/00 | 30 Jul low, congestion | ||
| R3 | 4.1350 | * | congestion | S2 | 4.0650/00 | ** | congestion | |
| R2 | 4.1150 | * | congestion | S3 | 4.0460 | ** | Mar high | |
| R1 | 4.0950 | * | Jul high | S4 | 4.0200 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Little change, as prices extend consolidation below the 4.0950 July high. However, daily and weekly studies are unwinding overbought reading and suggest scope for pullback to retest support at the 4.0750/4.0650 area and 4.0600 level. Break here will extend losses from the 4.1545 June current year high to retrace the rally from the May low and see extension to strong support at 4.0460/4.0400 area. Meanwhile, resistance at 4.0950 July highs are expected to cap.