USDMXN Overextended

102
Zooming out to the bigger picture, we can see that we are approaching a strong support level around 18.60 (green zone), with bearish RSI divergence.

There is a high probability that this zone will serve as a catalyst for USD strength, at list in the short term.

Initial targets would be:
minor blue resistance zone around 19.20
major gray resistance zone around 19.75

I will be watching for reversal patterns in smaller timeframes after a test of green support.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.