The USD/MXN daily chart suggests the pair shifted to a neutral/upward bias as the Mexican currency tumbles and depreciates past the 17.00 figure. However, buyers must keep the pair above the 100-day Simple Moving Average (SMA) at 16.97, to remain hopeful of higher prices. That would the 17.00 figure in sight, followed by the current weekly high of 17.08. Once surpassed, the next stop would be the 200-day SMA at 17.16, followed by the January 17 high at 17.38, before testing the 17.50 psychological level.
On the other hand, if USD/MXN slides below 16.97, look for a pullback toward last year’s low of 16.62, followed by the April 12 low of 16.40
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
