Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.1233. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar/Mexican Peso. The currency pair USD/MXN is expected to close near the level of 18.2500, from which it is expected to attempt a fall and develop a bearish trend for the pair US Dollar/Mexican Peso near the level of 17.9100.
USD/MXN forecast Mexican Peso on June 14, 2017
Earlier, a medium strength signal was received for the sale of the currency pair USD/MXN, by crossing the signal lines at level 18.6030. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 18.5300, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/MXN quotes, with the breakdown of the local minimum area at 18.0000.
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