Peso Rips to 7-year Highs - USD/MXN Testing Support

١٥ مايو ٢٠٢٣

USD/MXN has broken the yearly opening-range with price now probing below the 2017 lows at 17.4515 - watch the weekly close.

A break lower keeps the focus on the 2016 lows, which converge on the 25% parallel near ~17.0505.

Resistance eyed with the median-line / February low close around 17.9490

Michael Boutros, Sr Technical Strategist with FOREX.com
Twitter: MBForex

MBForex