USDMXN: Channel Up calling for pullback buy.

FX_IDC:USDMXN   U.S. Dollar / Mexican Peso
USDMXN has converted the 1D MA200 to support and is rising steadily inside a Channel Up. The 1D technical outlook is neutral (RSI = 54.479, MACD = 0.196, ADX = 35.456) so once the current pullback towards the 1D MA50 and the bottom of the Channel Up, is completed, we will buy again and target a new +5.93% rise (TP = 18.8000). A 1D candle close under the 1D MA50, will be bearish, aiming at the S1 level (TP = 17.000).

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