Published: 2025-09-04T06:28:13.000Z
Chart USD/MYR Update: Higher in consolidation from 4.2000
Technical Analyst
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Little change, as prices extend consolidation above the 4.2000 level and see scope to retest resistance at 4.2340/4.2400 lower highs and 4.2500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.2820 | ** | 1 Aug high | S1 | 4.1900 | * | May low | |
| R3 | 4.2500 | * | congestion | S2 | 4.1800 | ** | 1 Jul YTD low | |
| R2 | 4.2400 | * | 8 Aug high | S3 | 4.1500 | * | congestion | |
| R1 | 4.2340 | * | 27 Aug high | S4 | 4.1250 | * | 30 Sep high |
Asterisk denotes strength of level
06:20 GMT - Little change, as prices extend consolidation above the 4.2000 level and see scope to retest resistance at 4.2340/4.2400 lower highs and 4.2500 level. Daily studies have turned mixed and suggest extension of ranging action below these within the descending traingle from the May high. Corrective gains are expected to give way to fresh selling pressure later. Break of the 4.2000 level and the 4.1900/4.1800, May/July lows, will extend losses from the January high and see room to the 4.1500 congestion and 4.1250 support.