Published: 2025-08-22T02:57:57.000Z
Chart USD/MYR Update: Extend bounce from 4.1900 low
Technical Analyst
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Edging higher as prices extend bounce from the 4.1900 low of last week to retrace losses from the 4.2820 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2920 | * | 23 Jun high | S1 | 4.2050 | * | congestion | |
| R3 | 4.2820 | ** | 1 Aug high | S2 | 4.1900 | * | May low | |
| R2 | 4.2500/80 | * | congestion, 11 Jul high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2400 | * | congestion | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Edging higher as prices extend bounce from the 4.1900 low of last week to retrace losses from the 4.2820 high. Above 4.2200 congestion opens up room to resistance at the 4.2400 level and 4.2500/80 area. Clearance, if seen, will expose the 4.2820 high to retest. However, corrective gains are expected to give way to renewed selling pressure later with support raised to the .2050 congestion. Below this will return focus to the downside for retest of the 4.1900/4.1800 lows.