Published: 2025-08-14T03:32:59.000Z
Chart USD/MYR Update: Under pressure, weighing on 4.1900/4.1800 lows
Technical Analyst
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Sharply lower as prices extend pullback from the 1st August swing high at 4.2820
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.1900 | * | May low | |
| R3 | 4.2500/80 | * | congestion, 11 Jul high | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2400 | * | congestion | S3 | 4.1500 | * | congestion | |
| R1 | 4.2150 | * | 7 Aug low | S4 | 4.1000 | ** | Sep 2024 year low |
Asterisk denotes strength of level
03:25 GMT - Sharply lower as prices extend pullback from the 1st August swing high at 4.2820. Break of the 4.2100 level see pressure returning to the 4.1900/4.1800, May/July lows. Break here will extend the broader losses from the January high and see room to suport at the 4.1500 congestion. Below this will return focus to the 4.1000, September 2024 year low. Meanwhile, resistance is lowered to the 4.2150 low of last week which is expected to cap and limit corrective bounce and sustain losses from the 4.2820 swing high.