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GibbsGibbleton
Feb 21, 2018 2:35 PM

USDMXN Bearish Correction, Potential Reversal around 18.60 Long

U.S. Dollar/Mexican PesoFXCM

Description

Mexico gains a steady recovery after an overnight bullish rally. The price seems to be consolidating between the range of 18.70-50.

I expect the price will trend lower but high volatility could see the price reverse at the bullish channel support and test the recent high's above 18.73
Comments
GibbsGibbleton
Seems to have found a floor around the 18.63 level. Watching for a confirmation of celling at 18.65, 18.68 and 18.74
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