Published: 2025-07-17T03:16:24.000Z
Chart USD/MYR Update: Extend consolidation at 4.2500
Technical Analyst
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Little change, as prices drifts narrowly around the 4.2500 level to consolidate bounce from the 4.1800, current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.3100 | * | 19 May high | S1 | 4.2050 | * | 26 May low | |
| R3 | 4.2920 | ** | Jun high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2720 | * | 22 May high | S3 | 4.1650 | 3 Oct low | ||
| R1 | 4.2500/80 | * | congestion, 11 Jul high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:15 GMT - Little change, as prices drifts narrowly around the 4.2500 level to consolidate bounce from the 4.1800, current year low. Higher will see room for corrective bounce to resistance at 4.2720 and 4.3000 congestion. Corrective gains are expected to give way to selling pressure later with support raised to 4.2050/4.2000 area. Below this will expose the 4.1900/4.1800 lows to retest. Break here will extend the broader losses from the January YTD high at 4.5165 and see extension to the 4.1500 congestion.