Published: 2025-10-07T05:06:31.000Z
Chart USD/MYR Update: Higher in consolidation above 4.2000 support
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Higher in consolidation above the 4.2000 support to set up room for retest of 4.2240, 26 September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2500 | * | congestion | S1 | 4.2000 | * | congestion | |
| R3 | 4.2400 | * | 8 Aug high | S2 | 4.1900 | * | May low | |
| R2 | 4.2340 | ** | 27 Aug high | S3 | 4.1800 | ** | 1 Jul YTD low | |
| R1 | 4.2240 | * | 26 Sep high | S4 | 4.1500 | * | congestion |
Asterisk denotes strength of level
05:00 GMT - Higher in consolidation above the 4.2000 support to set up room for retest of 4.2240, 26 September high. Break here will open up room for stronger gains to retrace the August/September losses to resistance at the 4.2340 /4.2400 area. Higher still will see extension to the 4.2500/4.2600 congestion area. Meanwhile, support at the 4.2000 congestion is expected to underpin. Failure here, will expose the 4.1900/4.1800 lows to retest and threaten deeper pullback to retrace the 2024/2025 rally.