Published: 2025-06-30T05:50:09.000Z
Chart USD/MYR Update: Under pressure, focus return to 4.1900 low
Technical Analyst
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Turned down from the 4.2920 high to reverse break of resistance at the 4.2500 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3350 | ** | 13 May high | S1 | 4.2050 | * | 26 May low | |
| R3 | 4.3100 | * | 19 May high | S2 | 4.1900 | ** | 5 May YTD low | |
| R2 | 4.2920 | ** | 23 Jun high | S3 | 4.1650 | 3 Oct low | ||
| R1 | 4.2500 | * | congestion | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
05:40 GMT - Turned down from the 4.2920 high to reverse break of resistance at the 4.2500 congestion. Below the latter return focus to support at 4.2050 then the 4.1900, 5 May current year low. Below the latter will extend the broader losses from the 4.5165, January YTD high and see room to the 4.1500 congestion. Lower still, will return focus to the 4.1000, September 2024 year low. Meanwhile, resistance is lowered to the 4.2500 congestion, which should cap and sustain losses from the 4.2920 high.