Published: 2025-09-17T05:28:24.000Z
Chart USD/MYR Update: Weighing on 4.1900/4.1800 support
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Under pressure and break of the 4.2000 level see prices extending pullback from the 4.2340/4.2400 lower highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2500 | * | congestion | S1 | 4.1900 | * | May low | |
| R3 | 4.2400 | * | 8 Aug high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2340 | * | 27 Aug high | S3 | 4.1500 | * | congestion | |
| R1 | 4.2000 | * | congestion | S4 | 4.1250 | * | 30 Sep high |
Asterisk denotes strength of level
05:20 GMT - Under pressure and break of the 4.2000 level see prices extending pullback from the 4.2340/4.2400 lower highs to pressure the 4.1900/4.1800, May/July lows. Break here will extend the broader losses from the 4.5165 January current year high and see extension to the 4.1500 congestion. Lower still see room to 4.1250 support then 4.1000, September 2024 year low. Meanwhile, resistance is lowered to 4.2000 level which is expected to cap and sustain losses from the 4.2820, 1 August swing high.