USDMXN - Watching 17.086 Support

Been keeping an eye on $USDMXN today. The market seems to be finding some traction around that 17.086 level. It touched it earlier and bounced, and it's currently trading around 17.13078. It's a key spot for me, as a sustained break below that could really open up some downside.

My take is, as long as it holds above 17.086, there's still potential for a rebound back towards the daily high of 17.215. However, if we get a clear push and close below 17.086, then that whole idea is invalidated for me, and I'd be looking for further depreciation of the peso. It's a level to watch, not a definitive entry point, but it's where I'd reconsider my short-term bias.