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FX.co ★ USD/MXN Price Movement On Sept 16, 2020.

USD/MXN Price Movement On Sept 16, 2020.

USD/MXN Price Movement On Sept 16, 2020.

On the 4 hour chart, we can see that the USD/MXN is trading wit the bearish bias. It may decline to the first target at the 20.955 level and the Imbalance Area's (grey area) 20.559 - 20.105 levels as its second target. It is moving below the Moving Average. This scenario will come true if the pair does not rise and fix above the 20.161 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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