Published: 2025-10-14T03:01:20.000Z
Chart USD/MYR Update: Edging higher in consolidation
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Edging higher from the 4.2000 support to pressure resistance at 4.2240, 26 September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2500 | * | congestion | S1 | 4.2000 | * | congestion | |
| R3 | 4.2400 | * | 8 Aug high | S2 | 4.1900 | * | May low | |
| R2 | 4.2340 | ** | 27 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2240 | * | 26 Sep high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Edging higher from the 4.2000 support to pressure resistance at 4.2240, 26 September high. Clearance here will open up room for stronger gains to retrace the August/September losses to resistance at the 4.2340/4.2400 area. Beyond this, will see extension to the 4.2500/4.2600 congestion area. However, corrective gains are expected to give way to selling pressure later to retest the 4.2000 support. Would take break here to expose the 4.1900/4.1800 lows to retest and threaten deeper pullback to retrace the 2024/2025 rally.