Binahtrading2

Binahtrading2

The weekly close well under 23.20, leaves USD/MXN to more losses or to a consolidation period at lower levels. Main support levels are seen at 22.45/50 and 22.00/21.95. On the upside, now the area around 23.20 is a critical resistance followed by 23.55.

Binahtrading2

Usd/Mxn seems to have a wall of orders sitting at 24.108 I'll wait to see if the dealer re-tests that resistance area before shorting if they push through and close above the 24.108 zone on the 4hr the next leg will be long to 24.40.

Binahtrading2

Mexico's Central Bank Governor Diaz De Leon: Mexican Peso flexibility is a shock absorber, the pandemic is 'unprecedented shock' for the country -BBG $USDMXN #Peso