Currency pair US Dollar to Mexican peso USD/MXN is trading at the level of 18.7679. 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. An attempt is expected to fall and develop the bearish tendency for a pair with the aim of falling near the level of 18.4500.
Ichimoku USD/MXN Forecast on April 6, 2017
Earlier, a weak signal was received for purchases of the US dollar pair of the Mexican peso, due to the crossing of the signal lines at the level of 18.7800. 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 19.0000, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/MXN quotes, with a breakdown of the local minimum area at 18.6500.
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