The currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.6447. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the US Dollar Mexican peso pair. It is expected to test the area of signal lines near the level of 18.7300, then we should expect an attempt to fall and develop a bearish tendency for a pair with the purpose of falling near the level of 18.4500.
Ichimoku Kinko Hyo USD/MXN Forecast on April 10, 2017
Previously, a strong signal was received for the sale of the US dollar pair Mexican peso, due to the intersection of the signal lines at the level of 18.7500. The cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 18.9000, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/MXN quotes, with the breakdown of the local minimum area at 18.5700.
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