Watching USDMXN around the 17.086 support

Been keeping an eye on $USDMXN today, specifically how it's interacted with the daily low of 17.086. It feels like we're probing a key support level that's been in play for a bit now. We saw a bounce off it earlier, but the retracement hasn't been super convincing, suggesting there might be continued pressure.

My thinking is if we get a decisive break and hold below 17.086, especially on a higher volume candle, then a move towards 17.00 could be on the cards. The risk that invalidates this scenario, for me, would be a strong close back above the daily high of 17.215. If we see that kind of rejection of lower prices, it would imply the buyers are still firmly in control, and we could easily see a retest of the previous highs, negating the downside setup. Just my two cents, always open to other perspectives.