USDMXN is close to reverse

17 february 2022 99
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices" and "US stocks"
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The USDMXN currency pair mitigated all growth of the second half of January and fell to the support of 20.27. The reversal has already been at this level in November and January.

 

An additional support for buyers can be provided by the uptrend from the minimum of June of 19.6 and also the RSI indicator approaching the oversold zone.


The target of growth will be the level of 20.9, a local maximum of preceding waves of growth.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices" and "US stocks"
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