USDMXN: Mexican Peso Testing Old Resistance, Potential Implications

Been watching $USDMXN the last few days, interesting price action around the 17.46 mark. It's essentially testing that same resistance level that capped rallies back in late March. Feels like the market's trying to decide if this is just another temporary push higher within the broader downtrend, or if there's actual momentum building for a more sustained move back towards, say, 17.80. The daily candle range (17.414–17.464) on relatively muted news seems to suggest some hesitancy at these highs. If it can't break clean and hold above 17.47-17.50, I'd expect sellers to step back in pretty quickly. Always tricky to call these reversals, but the level is certainly significant.