Quotes of the currency pair dollar to the Mexican peso MXN USD is trading within the forex pivot head and shoulders pattern on the daily chart. On the next trading week has seen the risks of continuing drop in prices pair USD MXN start mining within this model, with the potential aim of improving on the level below 16.
USD MXN forecast for the week July 25, 2016 — July 29, 2016
Cancellation option can become a strong growth of the dollar against the Mexican peso in the area above the level of 19.00, which will lead to the cancellation of options with working models and points to potential growth with the shedding of the local maximum level. The breaking of the neckline level will accelerate the drop in prices USD MXN.
USD MXN forecast for the week July 25, 2016 — July 29, 2016 assumes fall within the beginning of working out a reversal forex head and shoulders pattern on the daily chart of the pair with the potential to decrease below the level of 16.00.
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