USD/MXN Bears Need A Peso-Maker After This Year's Start

Discussion in 'Technical Analysis' started by Kaitlin, Jan 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The chart is not any prettier for USD/MXN bears. USD/MXN trended consistently higher throughout all of last year, before breaking out above previous resistance in the 17.35 zone to a new all-time high last week. It's been almost 18 months since the pair traded meaningfully below its 100-day MA, the[​IMG]

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