Peso Rips to 7-year Highs - USD/MXN Testing Support

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

FOREXCOM:USDMXN U.S. Dollar / Mexican Peso

USD/MXN has broken the yearly opening-range with price now probing below the 2017 lows at 17.4515 - watch the weekly close.

A break lower keeps the focus on the 2016 lows, which converge on the 25% parallel near ~17.0505.

Resistance eyed with the median-line / February low close around 17.9490

Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex

@MBForex

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