The currency pair of the US Dollar vs Mexican Peso USD/MXN continues to move within the ascending channel. At the time of the publication of the forecast, the course of the US Dollar to the Mexican Peso is 19.34. At the moment, we should expect an attempt to test the support level near the 19.30 area and continue the pair’s growth to the area above the level of 19.70.
USD/MXN forecast Mexican Peso April 2, 2019
In favor of the growth of quotations of the Mexican Peso will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option USD/MXN at Forex will be the fall and the breakdown of the area 19.15. This will indicate a breakdown of the support level and a continued decline in quotations to the area below the level of 18.90. The pair is expected to accelerate growth with the breakdown of the resistance area and closing of the USD/MXN quotes above the level of 19.50.
USD/MXN forecast Mexican Peso April 2, 2019 involves an attempt to test the support area near the level of 19.30. Further, the continuation of growth in the region above the level of 19.70. An additional signal in favor of growth of the pair on Forex will be the test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth of the US dollar against the Mexican Peso will be the fall and the breakdown of the level of 19.15.