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USD/MXN currency pair analysis


The historical level 19.72 restrained sellers forming a multi-candle “triple bottom” figure. The descendant structures are truncated. The inclined channel of the descendant structure is breached. Awesome Oscillator indicates bullish divergence.

Watch USD/MXN online

Trading idea:

Buy when the 20.080 level is breached.

Stop-loss: 19.720.

Target levels: 20.420; 20.800.

Author: GC
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