Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.3828. The pair broke through the Ichimoku Kinko Hyo Cloud and is trading below its lower limit, indicating a bearish trend in the currency pair US Dollar Mexican Peso. The pair is expected to rise near the level of 18.5300, from which it is expected to attempt a fall and develop a bearish trend for the currency pair US Dollar/Mexican Peso near the level of 18.1300.
USD/MXN forecast Mexican Peso for June 7, 2017
Earlier, a medium strength signal was received for the sale of the US Dollar/Mexican Peso pair, due to the crossing of 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 quotes above the area of 18.7500, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/MXN quotations with a breakdown of the local minimum area at 18.2100.
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