USD/MXN is seeing a key test of support from the lower end of its range at 23.25/22.84, analysts at Credit Suisse report. Key quotes “Even though the market is currently under pressure, the USD/MXN range still looks more like a bullish ‘triangle’ continuation pattern.” “Above 25.79 is needed to add weight to the bullish view and complete the ‘triangle’ for a move to 26.26, ahead of 27.00, where we would expect to see fresh sellers at first.” “Key support at 23.25/22.84 needs to hold to maintain the range. Below though would, in contrast, suggest a top has been completed to turn the medium-term risks back lower, with support seen at 22.15/04 next, then 21.30.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: BTC/USD gets ready for a powerful breakthrough – Confluence Detector FX Street 2 years USD/MXN is seeing a key test of support from the lower end of its range at 23.25/22.84, analysts at Credit Suisse report. Key quotes “Even though the market is currently under pressure, the USD/MXN range still looks more like a bullish ‘triangle’ continuation pattern.” “Above 25.79 is needed to add weight to the bullish view and complete the ‘triangle’ for a move to 26.26, ahead of 27.00, where we would expect to see fresh sellers at first.” “Key support at 23.25/22.84 needs to hold to maintain the range. Below though would, in contrast, suggest a top has been completed to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
