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jsaettele

USDMXN Buy Setup

Long
U.S. Dollar / Mexican Peso (FX:USDMXN)  
jsaettele  
FX:USDMXN   U.S. Dollar / Mexican Peso
Trend Analysis
3
1
trendanalysis
USDMXN broke above trendline resistance on Wednesday and reversed lower today in volatile trading. I’m focused on the top side of the just broken trendline for support near 21.74. Eventually, the 61.8% retrace of the decline from March is a candidate for resistance at 23.89. Visit scandex.com for more.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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