beyondta
chartpattern
mexico
shortterm
trader
trendanalysis
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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.
7
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.
6
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
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