Published: 2025-11-26T02:56:37.000Z
Chart USD/MYR Update: Under pressure, focus return to 4.1240 YTD low
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Under pressure and prices extend rejection from the 4.1765 high of last week and threatens retest of the 4.1240 YTD low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2000 | * | congestion | S1 | 4.1240/00 | ** | 14 Nov YTD low | |
| R3 | 4.1900 | ** | May low | S2 | 4.1200 | * | congestion | |
| R2 | 4.1800 | ** | Jul low | S3 | 4.1000 | ** | Sep 2024 year low | |
| R1 | 4.1470/00 | * | 18 Nov low, congestion | S4 | 4.0900 | * | Apr 2021 low |
Asterisk denotes strength of level
02:50 GMT - Under pressure and prices extend rejection from the 4.1765 high of last week and threatens retest of the 4.1240 YTD low. Break here will see room for extension to 4.1200 level but focus will turn to the 4.1000 level and September 2024 year low. Oversold weekly studies suggest reaction at the latter likely but a later break here cannot be ruled out to extend losses from the February 2024 year high. Meanwhile, resistance is lowered to the 4.1470/4.1500, 18 November low and congestion area, now expected to cap.