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    my analysis of Usd/mxn

    Resistance and Supporting level today,s

    Today Trend is:sell

    Resistance level today,s is

    First Resistance is:19.2556
    Second Resistance is: 19.2579
    Third Resistance is: 19.2596


    Supporting levels today,s is

    First Support is: 19.2510
    Second Support is:19.2490
    Third Support is:19.2471

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    Post Usd/mxn

    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.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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