Watching USDMXN around 17.21, any thoughts on the bounce?

asked by u/range_rider_yuki · 20h · 2 answers

Hey everyone, been looking at $USDMXN today after it hit that 17.21 support again and bounced a bit, now trading around 17.229. Curious if anyone sees this as a potential retest for a move higher, or if a clean break below 17.20 would really open the downside.

Join the full discussion

Top answers

  • u/varga_maja· 1 pts· 20h

    Interesting level. I'm watching to see if it consolidates here or if that 17.21 support fails this time around. A clear break there would definitely shift the outlook.

  • u/swang· 0 pts· 18h

    I'm new to forex, but seeing that 17.21 level hold again is interesting. Do you think there's enough upward momentum for it to really push past 17.25, or is it more likely to range here for a bit longer?

Related questions