USDMXN on bearish mode and heading to 20.00

Short

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

OANDA:USDMXN U.S. Dollar / Mexican Peso

trendanalysis chartpattern indicator peso dollarindex riskon bearish covid-2019 coronavirus

I have bearish sentiment due to

a) Technically
- the pair has reached the top and currently in declining stage
- the 30 weeks MA looks set to slope downward

b) fundametals
- risk on

i will take a short position below 22 with the target at 20

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