USDMXN Big Uptrend

USDMXN CHART PRICE – USDMXN DAILY

After struggling for a while the US dollar has made significant recovery over the Mexican Peso, gaining almost 1 full mexican peso in 4 sessions, this is equal to 10,000 pips, we expect the trend to continue, however it might find a bump on the road at the 21.79 resistance level, the relative strength index tells us that it should not be too much of an issue as there is still room before being considered overbought, current RSI is at 54% price is still at a very good area to go long, the bollinger bands are wide and we can expect volatility in the next sessions.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.