Published: 2025-09-15T03:00:12.000Z
Chart USD/MYR Update: Weighing on 4.2000 level
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Under pressure as lower highs at the 4.2340/4.2400 area keeps pressure on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.2000 | * | congestion | |
| R3 | 4.2500 | * | congestion | S2 | 4.1900 | * | May low | |
| R2 | 4.2400 | * | 8 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2340 | * | 27 Aug high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
03:00 GMT - Under pressure as lower highs at the 4.2340/4.2400 area keeps pressure on the downside and suggest consolidation above 4.2000 congestion to give way to fresh selling pressure later. Descending traingle from the May high threatens break here and the 4.1900/4.1800, May/July lows, to extend losses from the January high. Lower will see extension to support at the 4.1500 congestion. Meanwhile, resistance at 4.2340/4.2400 area are expected to cap and sustain losses from the 4.2820, 1 August lower high .