Mexican Currency pair dollar USD/MXN traded at 19.49. The pair continues to move below the moving average with a period of 55, indicating a downward trend pair. We should expect a small correction in the region of 19.70 quotations and continuation of falling of pair USD/MXN.
Bollinger Bands forecast USD/MXN on March 6, 2017
The purpose of the fall may make the area below the 19.10 level. Conservative area to sell the pair is located on the upper level of the indicator Bollinger Bands border near the level of 20.20. The breakdown of this area indicates the potential change of the trend in favor of growth. Also, do not rule out an attempt to accelerate the fall of quotes USD/MXN already from current levels.
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