Create Account Login
Forex

USD/MXN: Decline could continue towards 17.00 and July/August lows near 16.60 – SocGen

By 0 ViewsNo Comments1 Min Read

Share:

Economists at Société Générale analyze USD/MXN technical outlook.

A sharp pullback has taken shape

USD/MXN failed to reclaim the trend line drawn since November 2021 at 18.48/18.60 recently; a sharp pullback has taken shape after this test.

The USD/MXN pair has once again given up its 200-DMA and re-integrated within the previous base. This denotes the possibility of persistence in decline.

Holding below the Moving Average near 17.70, there is a risk of continuation in decline towards 17.00 and July/August lows near 16.60.

 

Read the full article here

Share.

Related News

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Creat Account

Navigation

Platforms

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

Products

For Investors

facebook

twitter

youtube

telegram

instagram

email

Terms & Privacy Policy

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision

Exit mobile version