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.
This content is for informational purposes only and is not intended to be investing advice.
