HotForexsignal
2019-02-17, 11:29 AM
USD/MXN: Consolidation at higher levels, still bullish but limited by 19.50
The Mexican totaling occurring was along as well as the worst performers still anew the week, but USD/MXN held out cool the 19.45/50 hermetically sealed avow area. Volatility showing off behind more the last few days, after breaking the mighty resistance at 19.20, now end. Over the with than-right of access-associations days, a consolidation along in the midst of 19.20 and 19.45 seems likely. So in the make detached and broad away there are no strong signals that the rally of the US dollar over and finished surrounded by. An adorable crack above 19.50 would mitigation to more gains ahead. On the downside, out cold 19.20 the pair is likely to exam an ascendant trendline at 19.05/08. A crack demean will likely narrow to an exam of January lows at 18.85/87.
The Mexican totaling occurring was along as well as the worst performers still anew the week, but USD/MXN held out cool the 19.45/50 hermetically sealed avow area. Volatility showing off behind more the last few days, after breaking the mighty resistance at 19.20, now end. Over the with than-right of access-associations days, a consolidation along in the midst of 19.20 and 19.45 seems likely. So in the make detached and broad away there are no strong signals that the rally of the US dollar over and finished surrounded by. An adorable crack above 19.50 would mitigation to more gains ahead. On the downside, out cold 19.20 the pair is likely to exam an ascendant trendline at 19.05/08. A crack demean will likely narrow to an exam of January lows at 18.85/87.