USDMXN responded vigorously to a support zone, reversing in 5 waves and breaking short-term trendlines. RSI overtook 70 on 4h. Watch possible retracement for a potential long as the week progresses.
Note
RSI is at a trendline resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.