Published: 2025-03-20T04:32:09.000Z
Chart USD/MYR Update: Pullback return focus to 4.4100/4.3950 lows
Technical Analyst
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Extending pullback from the 4.4500 high and 200-day MA
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.5000 | ** | 3 Feb high | S1 | 4.4100 | * | 11 Mar low | |
| R3 | 4.4880 | * | Nov high | S2 | 4.3950 | * | Feb low | |
| R2 | 4.4700 | ** | 4 Mar high | S3 | 4.3720 | ** | 27 Jan YTD low | |
| R1 | 4.4500 | * | congestion | S4 | 4.3400 | * | 5 Nov low |
Asterisk denotes strength of level
04:25 GMT - Extending pullback from the 4.4500 high and 200-day MA to retrace bounce from the 4.4100 low of last week. Break of the latter will see scope to retest the 4.3950 low of February. Lower still, will return focus to the January YTD low at 4.3720 and where break will see room for deeper pullback to retrace the September/January rally and see scope to 4.3400 support then 4.3080, 50% Fibonacci level. Meanwhile, resistance at the 4.4500 congestion is expected to cap and sustain losses from the 4.4700, 4 March lower high.