USDMXN neutral

The Mexican peso won back all the losses of recent years

30 May 2022 135
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USDMXN fell to 19.5, a strong support that the price has not gone below since March 2020. If it fails to hold higher, the fall could continue towards 19.

 

At the same time, the RSI indicator plunged deep into the oversold zone, which indicates the possibility of a rebound upwards in the near future. The target for the "bulls" will be the level of 19.75.

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