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FX.co ★ Instant Forecast For USD/MXN On July 16, 2020

Instant Forecast For USD/MXN On July 16, 2020

Instant Forecast For USD/MXN On July 16, 2020

Today USD/MXN still continues its downward movement and it will try to reach the 22.251 level, although this is confirmed by the Hidden Divergence between the price and the Stochastic Oscillator on the 4-hour chart. However, this scenario will be automatically canceled if the currency pair makes a retracement upwards and closes above the 22.453 level.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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