A MACD Histogram divergence and a rejection from the uptrend line confirmed last weak reversal of USDMYR uptrend that originated two weeks ago.
The coming weeks, USD/MYR has to cross over the 50% retracement at 3.2687 and then penetrated and close below the 61.8% at 3.2542 to validate the reversal to short position.
On the upside, a resistance at 61.8% retracement i.e. at 3.3337 (the red color fibo) has to be overcome before the previous high at 3.3676 being tested.
