November 2018 to the present

For this chart it is a daily chart of USDMYR. We used this chart for short term analysis from the resistance level of 50% in Nov to the present. The USDMYR went southward before retracing/rebounding on 20 March 2019. The subsequent rebounding was very steep without any meaningful correction. It went passed the 38.2 and 50.0 retracement effortlessly before meeting the deep retracement of 61.8 . That level coincide with the resistance point A.. ie the red horizontal line. Ringgit showed strength if it could avoid any break of the 61.8 retracement.