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LOby u/larissa.oliveira·14hDiscussion

Thoughts on $USDMXN and the 17.33 Level

Been watching $USDMXN closely these past few days. It's really hugging that 17.33 level, which seems to have acted as both resistance and support on various occasions recently. Today we saw a high of 17.331, almost touching it before pulling back slightly to 17.321. I'm wondering if this level will continue to hold as a ceiling in the immediate term, or if we see enough momentum to punch through it. The risk to this thinking, obviously, would be a strong push above 17.33, especially if we see follow-through volume, which could indicate a shift in short-term sentiment and open the door for a move higher. Curious what others are seeing on their charts.

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