Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.7264. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the pair USD/MXN. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 18.7600, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 18.5100.
USD/MXN forecast Mexican Peso on June 1, 2017
Earlier, we received a weak signal for buying of the pair US Dollar to Mexican Peso, due to the crossing of the signal lines at the level of 18.5166. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 18.8500, in case of breaking through the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the development of the bearish trend in USD/MXN to continue.
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