laventa

USDMXN potential bottom

Long
FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN has been in a deep move down and now has a what might become a potential bottom. Breaking the trendline (points where it tested are circled in red) would be a good signal...looks like the trendline with the fib line (orange horizontal line) might be the intersect, around 20.25.
By breaking, we would like to see a daily break and ideally a weekly break above.

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