USDMXN Long Opportunity...Area of Support!!!

2020年12月28日

From our chart, we can currently see that price level for USDMXN is at the 161.8% fib level. We can see that this movement act as a retest to the trend support level (dotted line) with a potential to see price moving to the upside. Price level is also consolidating near the support @19.8000 price level. I am expecting strong support pressure here and will see it moving towards the trend resistance level (also 100% fib level). Further movement will be confirmed after we see a rejection or a breakout. As of now, I will trade the BULLISH movement to the trend resistance.


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