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