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USDMXN CHART PRICE – USDMXN DAILY
USDMXN had a very busy session on Sunday and Monday, the closing price did not change much from Thursday closing price, but we were able to see high volatility on this pair, we could expect the price to bounce sideways for a bit before identifying a trend, since Bollinger Bands are closing up, the Relative Strength Index is at 44% we should not expect a lot of movement from this pair in the short term, I would monitor RSI and support levels and if USDMXN confirms a breakout on the support level at 22.16621 we then could expect the price to fall in the next days, but I would not make a decision before this confirmation. So far the price fell a few pips since the reopening of the trading session, if it continues to drop then we could place a Sell with the target level at $21.45
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.
