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Watching $USDMXN at 17.036 support
I've been keeping an eye on $USDMXN today, and it looks like we're consolidating around the 17.036 level, which seems to be holding as decent support so far in today's session. The intraday low touched that mark and bounced. If we see a sustained break below that 17.036, especially on higher volume, I'd consider that a pretty significant breakdown signal for a move lower. For now, it's holding, and I'm curious if we'll see a retest of the 17.079 high from earlier.
1 comments · 7 points
I'm seeing similar price action. That 17.036 level has been quite resilient. Are you watching any specific moving averages or technical indicators that might confirm a break if it happens?