Published: 2025-11-18T03:25:15.000Z
Chart USD/MYR Update: Rebound see room to retest 4.1800/4.1900 resistance
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Sharply higher as prices extend bounce from the 4.1240 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2100 | * | May trendline | S1 | 4.1500 | * | congestion | |
| R3 | 4.2000 | * | congestion | S2 | 4.1240/00 | ** | 14 Nov YTD low, congestion | |
| R2 | 4.1900 | ** | May low | S3 | 4.1000 | ** | Sep 2024 year low | |
| R1 | 4.1800 | ** | Jul low | S4 | 4.0900 | * | Apr 2021 low |
Asterisk denotes strength of level
03:20 GMT - Sharply higher as prices extend bounce from the 4.1240 low of last week to retrace steep losses from the 4.2300, October high. Daily studies are unwinding oversold readings and see room for retest of the 4.1800/4.1900, July and May lows, which is expected to cap. Break, if seen, will open up room for stronger gains to the 4.2000 congestion and the May trendline at 4.2100. Corrective gains are extend to give way to fresh selling pressure later with support raised to the 4.1500 congestion ahead of the 4.1240 low.