USDMXN Consolidation until the next break upwards.
The USDMXN pair has been one of the better range pairs to trade in the market throughout the past 2 years. At the moment it is consolidating within the 1D MA50 (blue trend-line) and the Higher Lows trend-line. The 1D MA200 (orange trend-line) is the last line of Resistance, on the Lower Highs (2) trend-line, before a jump to Lower Highs (1).
The 19.800 symmetrical Support is holding and this resembles the April 20 - May 30 2021 fractal so far, which made an aggressive price jump when the 1D MA200 broke.
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The 19.800 symmetrical Support is holding and this resembles the April 20 - May 30 2021 fractal so far, which made an aggressive price jump when the 1D MA200 broke.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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