Forex analytics and overview

USD/MXN Finds Support at the 50% Retracement

07/15/2024

Less than a minute

2024.07.15 16:59

The is finding some support at the 50% retracement of the April 2024 lows to June 2024 highs at 17.6200. This is also where the 50dma resides as well. In order to complete an AB=CD move we thought the risk may be back towards 17.4800, however a move back above previous support at 17.8700 which is the June 24th lows would suggest we are ready to make a move back towards the 19.00 level.

USD/MXN Chart

07/15/2024

Less than a minute

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