USDMXN has been ina bearish rally down to 2016 price. Nevertheless MACD is showing divergence which was nearly enough to break te threndline and start a pullback correction right above the trendline. Regarding this friday news the price closed right on top of the trendline and on a daily level (DL).
Depending on DXY and todays news price might break down to touch lower monthly level (ML) or start an impulse to reach upper Monthly level (ML)
Depending on DXY and todays news price might break down to touch lower monthly level (ML) or start an impulse to reach upper Monthly level (ML)
