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CHby u/chloe65·5dAnalysis

Watching $USDMXN at this 17.08 level

Been eyeing $USDMXN and it looks like that 17.08ish level is holding as a solid support, a break below there would certainly invalidate the current bullish structure I'm seeing for a bounce.

4 comments · 0 points

4 Comments

TUu/tunde95·5d

Interesting, I've been watching that same level. Hard to say if it's solid support or just temporary resistance being retested before a further move down. What's your next target if it holds?

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REu/renzhou·5d

Interesting, I've been watching that level too. Do you think a confirmed break below would signal a move towards 16.80 or even lower, given the broader trend?

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NYu/nour_yilmaz·5d

Interesting. I'm also watching that level, though I'm seeing potential for it to act as resistance on a retest after a bounce. Are you factoring in any fundamental data for your bullish lean?

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PMu/pmarinescu·5d

Ah, the old "solid support" routine. It's always solid until it isn't, usually right after I've decided to put my money on it. Good luck with that bounce.

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