$USDMXN retest of 17.30?
asked by u/sami_sultan · 1d · 2 answers
I'm keeping a close eye on $USDMXN here. It's been range-bound for a bit, but the sustained pressure around the 17.30 area is interesting. If we see a solid break and hold below that, especially if we can get a close under 17.29, I'd consider it a significant technical development pointing to further downside potential. Conversely, a bounce off this level, particularly if accompanied by a strong move back towards 17.33, would suggest that the current consolidation might continue, invalidating that immediate bearish outlook for me.