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Looking to buy USD/MXN

Looking to buy USD/MXN

Jamie Saettele, CMT, Sr. Technical Strategist

USD/MXN has dropped into long term support. Although I believe that a major top is in place, I am looking for a bounce from the current level. The current level is defined by the top side of the 1999-2009 trendline and highs from February and June 2016. I am looking for a bounce back to 20.70.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.