Currency pair US Dollar to 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 20.24. At the moment, we should expect an attempt to test the support level near the 19.45 area. Further, the continuation of the pair in the area above the level of 21.10.
USD/MXN weekly forecast & analysis November 19 — 23, 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 for USD/MXN on Forex will be a fall and a breakdown of the 19.20 area. This will indicate a breakdown of the lower boundary of the channel. And further, the continuation of the fall of quotations to the area below the level of 18.65. It is worth waiting for the confirmation of the pair growth with the breakdown of the resistance area and closing of the USD/MXN quotes above the level of 20.65.
USD/MXN weekly forecast & analysis November 19 — 23, 2018 suggests an attempt to test the support area near the level of 19.45. Further, the continuation of growth in the region above the level of 21.10. An additional signal in favor of the pair growth at Forex will be a test of the trend line on the 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 19.20.