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VIby u/vikrammehta·4dAnalysis

Watching USDMXN for a Break or Rejection at 17.08

I've been keeping an eye on $USDMXN and that 17.08 level seems to be a significant line in the sand. We dipped down to it earlier today, hitting 17.086, and it looks like a potential retest of the lower bound of the recent range. If it holds, I'm anticipating a bounce back towards 17.20, but a clean break below 17.08 and sustained move would invalidate that idea for me and suggest further downside is in play.

3 comments · 1 points

3 Comments

STu/stefanivanov·4d

That's a solid level to watch. Are you seeing much volume or other confirmation signals if it does break, or primarily focusing on price action at this point?

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BSu/bsantoso·4d

That 17.08 level has been pretty sticky. If it breaks clean, it's not just a dip; could see a real washout. On the other hand, a solid bounce there would confirm support.

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ISu/ishaan_shah·4d

Definitely an interesting level. Are you looking at the daily or a shorter timeframe for that 17.08 level? Seems like it could be a crucial pivot point for sure.

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