The currency pair of the US Dollar vs Mexican Peso continues to move within the downward channel. At the time of the publication of the forecast, the course of the US Dollar to the Mexican Peso is 18.74. At the moment, we should expect an attempt to test the resistance level near the 18.85 area and continue the pair falling to the area below the 18.35 level.
USD/MXN forecast Mexican Peso October 4, 2018
In favor of reducing the quotes of the Mexican Peso will test the downward trend line on the indicator of relative strength index (RSI). Cancellation of the option to reduce USD/MXN at Forex will be a strong growth and a breakdown of the area of 19.00, which will indicate a breakdown of the upper boundary of the channel and the continued growth of quotations in the area above the level of 19.30. Waiting for confirmation that the pair is falling is with the breakdown of the support area and closing of the USD/MXN quotes below the level of 18.65.
USD/MXN forecast Mexican Peso October 4, 2018 suggests an attempt to test the resistance area near the level of 18.85 and continue falling to the area below the level of 18.35, an additional signal in favor of reducing the pair at Forex will be the resistance line test on the relative strength index (RSI), canceling the reduction option the US Dollar against the Mexican Peso will be a strong growth and the breakdown level of 19.00.
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