empty
31.08.2023 04:28 PM
USD/MXN undecided

This image is no longer relevant

USD/MXN Selling Pressure!

The USD/MXN pair is located at 16.768 at the time of writing. As you can see on the H1 chart, the rate moves somehow sideways and it seems undecided. It's trapped between the former low of 16.701 (downside obstacle) and the downtrend line (upside obstacle).

Breaking through one of these obstacles brings a clear direction. Technically, as long as it stays under the downtrend line, the rate could extend its downside movement. We have strong sellers around the downtrend line.

USD/MXN Forecast!

Staying under the downtrend line and falling below 16.701 announces a deeper drop. This is seen as a selling opportunity.

The downside scenario could be invalidated if the rate jumps and stabilizes above the downtrend line.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget