Chart of the Day USDMXN

USDMXN is retesting the broken ascending triangle

On the USDMXN daily chart, we can see that the pair is testing the broken ascending triangle 19-19.100 zone. This zone should hold for the extension upside. Invalidation of the upside extension into the gap will come only on a daily close below the 19.
Note: look for the long trade entries with the stop loss below the 19 level.

USDMXN trading technical analysis

 

 

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