On the daily chart USD/MXN currency pairs move inside the channel that dips down (Bearish) and the Moving Average is still in a Death Cross condition and the CCI is below level 0 where this all indicates that in the near future USD/MXN will drop down to the level of 19,036 in the next few days but if it is on its way towards that level suddenly there is an upward correction that exceeds the level of 19,582, so the decline scenario described earlier will become invalid.
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Relevance up to 02:00 2023-01-08 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
