USD/MXN: Technical levels to watch next are 17.10/16.95 – SocGen USDMXN Technical Analysis Banks
USD/MXN failed to overcome its 50-DMA near 18.00 recently and has cut below the low of last month denoting resumption in downtrend.
Holding below the peak formed earlier this week near 17.60, the pair is expected to head lower. Next potential objectives are at projections of 17.30 and 17.10/16.95.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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