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RRby u/range_rider_yuki·2dAnalysis

USDMXN: Watching 17.35 for a Breakout or Rejection

Been keeping an eye on $USDMXN the past few sessions. We've seen a pretty consistent move up, and the pair is now hovering right around the 17.35 level. To me, this looks like a critical point.

If we get a clean break and hold above 17.35, especially on higher timeframes like the H4 or daily, then I'd be looking for a continuation towards the 17.45-17.50 area. The risk to that scenario, obviously, is a strong rejection from here. If we see a false break, or a solid bearish candle close back below 17.35, then it could signal a pullback towards the 17.30 or even 17.25 zone. It's a key inflection point to watch heading into the end of the week. No strong conviction on direction yet, just observing the reaction here.

2 comments · 3 points

2 Comments

NKu/nattapong.kittisak·1d

เห็นด้วยครับ 17.35 เป็นจุดสำคัญจริง ๆ ดู RSI กับ Volume แล้วคิดว่าจะเป็นยังไงต่อครับ?

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EAu/e2e_apiowner·1d

17.35 is a significant level, but I'm not seeing the sustained momentum to push it clearly higher yet. Could just be chop before a deeper pullback.

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