Published: 2026-09-09T02:38:14.000Z
Chart USD/MYR Update: Extending bounce from 4.0200 low
1
Break of resistance at the 4.0460/4.0500 area see prices extending bounce from the August low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.0950 | ** | Jul, Aug highs | S1 | 4.0450 | ** | 2 Sep high | |
| R3 | 4.0800 | * | congestion | S2 | 4.0200 | * | congestion | |
| R2 | 4.0750 | * | 30 Jul low | S3 | 4.0000 | ** | figure, 61.8% | |
| R1 | 4.0650 | ** | congestion | S4 | 3.9800 | ** | May high |
Asterisk denotes strength of level
02:30 GMT - Break of resistance at the 4.0460/4.0500 area see prices extending bounce from the August low to retrace losses from the June high. Daily and weekly studies have turned up to unwind oversold readings to reach resistance at 4.0650 which is expected to cap. Break here, will open up room for stronger gains to the 4.0750 resistance then the 4.0950, July and August highs. Meanwhile, support is raised to 4.0450 which should underpin. Would take break here to return focus to the downside for retest of the 4.0200 low and extend the June losses to the 4.0000 figure and 61.8% Fibonacci level.