Bearish Channel headed bellow 18.50

Short

U.S. Dollar / Mexican Peso (OANDA:USDMXN)

Updated

OANDA:USDMXN U.S. Dollar / Mexican Peso

Trend Analysis bearsih USDMXN short

trendanalysis bearsih usdmxn short

Today mxnusd pair has decoupled from DXY and is headed south testing the most recent 2-week lows.

Comment:

The resistance at 18.54 is impressive and might keep the price from reaching the 18.50 target. Wath for activity above 18.59 as it could break the bearish sentiment.

For now, the bear remains hungry! :D

Comment:

snapshot

Potential start of bullish run

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