The currency pair of the US Dollar vs Mexican Peso USD/MXN continues to move within the bullish channel. At the time of the publication of the forecast, the course of the US Dollar to the Mexican Peso is 20.50. At the moment, we should expect an attempt to test the support level near the 20.20 area and continue the growth of the pair to the area above the level of 20.75.
USD/MXN forecast Mexican Peso December 6, 2018
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). Cancellation of the growth option USD/MXN on Forex will be the fall and the breakdown of the area 20.10. This will indicate a breakdown of the support level and a continued decline in quotations to the area below the level of 19.90. The pair is expected to accelerate growth with the breakdown of the upper boundary of the rising channel and closing of the USD/MXN pair quotes above the level of 20.80.
USD/MXN forecast Mexican Peso December 6, 2018 involves an attempt to test the support area near the level of 20.20. Further, the continuation of growth in the region above the level of 20.75. 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 19.90.