Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.2846. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the currency pair US Dollar Mexican Peso. It is expected to test the area of signal lines near the level of 18.3500, from which one should expect an attempt to fall and develop a bearish trend for the pair US Dollar/Mexican Peso near the level of 18.0200.
USD/MXN forecast Mexican Peso on June 8, 2017
Earlier, a medium strength signal was received for the sale of the currency pair US Dollar/Mexican Peso, 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 quotations above the area of 18.6100, which will indicate a change in the downward 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 18.0900.
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