USDMXN Lowest in a Month and a Half

USDMXN CHART PRICE – USDMXN DAILY

The US dollar lost 1.78% in a single session which puts the price at its lowest point in more than a month and a half, last time it the price reached 21.73 was June 10th, the relative strength index is at 37%, we could expect the price to go lowe, at least to 21.67 in the next trading session, but we want to wait until the reopening to see how it behaves in the first hours and make sure it does not have a big gap that could affect our trade, the bollinger bands are opening up which means that the downtrend could continue, and the moving averages are close to each other.

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.