USD/MXN: Another leg of downtren on a breach of support zone at 17.90/17.60 – SocGen USDMXN Banks
“USD/MXN has eventually defended the earlier highlighted support zone of 17.90/17.60 representing the low of 2018 and more importantly the trend line connecting troughs of 2008 and 2013. A phase of consolidation is not ruled out after a V-shaped bounce.”
“Only if the pair breaches the support zone at 17.90/17.60, would there be a risk of next leg of downtrend.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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