USDMXN reversal

28 march 2022 116
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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The USDMXN currency pair has been steadily declining over the past 2 weeks falling by more than 4%. And finally, the first signs of an upward reversal appeared.

 

A hammer together with the extreme oversold in the chart according to the RSI signal a transition of USDMXN to growth. The first target of the upward movement will be the level of 20.5.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
3rd in the segment "Indices"
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