Published: 2026-08-07T02:56:54.000Z
Chart USD/MYR Update: Extend consolidation
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Little change, as prices extend consolidation below the 4.0950 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 4.1545 | ** | 22 Jun YTD high | S1 | 4.0750/00 | 30 Jul low | ||
| R3 | 4.1350 | * | congestion | S2 | 4.0650/00 | ** | congestion | |
| R2 | 4.1150 | * | congestion | S3 | 4.0460 | ** | Mar high | |
| R1 | 4.0950 | * | Jul high | S4 | 4.0200 | * | congestion |
Asterisk denotes strength of level
02:40 GMT - Little change, as prices extend consolidation below the 4.0950 resistance. However, upside bias from the 29 June low at 4.0600 suggest scope for break to retrace recent losses from the 4.1545, June swing high. Higher will see room to resistance at the 4.1150/4.1200 area. Negative weekly studies suggest this giving way to renewed selling pressure later. Break of the 4.0750/4.0650 area and 4.0600 low will see room for deeper pullback to retrace the May/June rally to strong support at 4.0460/4.04600 area.