Published: 2025-08-05T03:21:14.000Z
Chart USD/MYR Update: Extending pullback from 4.2820 swing high
Technical Analyst
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Turned sharply lower from the 4.2820 swing high as prices retrace gains from the July current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3000 | * | congestion | S1 | 4.2100 | * | 25 Jul low | |
| R3 | 4.2920 | ** | Jun high | S2 | 4.1900 | * | May low | |
| R2 | 4.2820 | * | 1 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2580 | * | 11 Jul high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Turned sharply lower from the 4.2820 swing high as prices retrace gains from the July current year low. Below the 4.2500 leave return focus to the downside and see scope to retest 4.2100 support. Below this will expose the 4.1900/4.1800, May and July lows to retest and see room to extend losses from the January high. Meanwhile, resistance is lowered to the 4.2500/80 area which is expected to cap and sustain losses from the 4.2820 high of last week.