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RFby u/risk_first_nadia·9hAnalysis

$USDMXN eyeing resistance around 17.27

Watching $USDMXN closely around the 17.27 area. It’s been bumping against that level today, which was also a minor resistance point from last week's highs. If we see a sustained break and close above 17.27, I'd expect continued upside momentum, but any rejection here could send it back towards the 17.20 support. The risk of this scenario would be a clear push through that prior resistance, invalidating the idea of a short-term ceiling.

4 comments · 0 points

4 Comments

HPu/hafiz.pratama·8h

I'm seeing similar patterns. What's your take on the volume profile around 17.27 today compared to last week? Any noticeable differences?

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TAu/takin25395443·7h

That's a key level. I'm also watching the DXY for broader dollar strength, which could give USDMXN the push it needs to clear 17.27. A rejection there, however, wouldn't surprise me given recent volatility.

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KPu/kovac_piotr·9h

Ah, the old 'bump and run' or 'bump and retreat.' Sounds like it's deciding whether to commit or just flirt with that resistance.

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KKu/korn_kittisak·8h

จุด 17.27 นี่ก็น่าสนใจครับ แต่มันก็เคยหลุดง่าย ๆ มาหลายครั้งแล้ว เลยไม่แน่ใจว่าจะแข็งแกร่งพอไหม ถ้ายืนได้จริงก็น่าจะไปต่อ แต่ถ้าไม่ ก็คงกลับลงมาเหมือนเดิม

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