USDMXN
There was a 3% spike in USDMXN last week as Trump threatened tarrifs on MXN goods. There has been a fresh deal to prevent the tarrifs and with a softer USD coming into the week i see a nice downside move if not even a gap down. Tweezer tops daily and weekly a long legged doji after failing the 61.8% retracement. Downside could be supported by the 1D 32.8% ($19.50950) - 1D 20ema ($19.33000) - 1D 50ema ($19.20000) short term.
Note
Further breakdown opens the the to the 1M 61.8% retracement $18.8000 or May '19 low
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.