CSTrading

USDMXN moves in a descending trend

Short
FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN moves in a notable descending trend: ATR(21) on the daily chart is extremely low. The price is now positioned outside of a trading range which may be an indication of active imbalance between supply and demand. I expect continuation of this trend and consider joining this rally from a pullback.

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