USD/MXN had quite a drop. I believe that it will bounce off of this long term resistance, and retrace to at least 19.512 (0.236 fib retracement) - before falling further.
Hidden Bullish divergence on 4 hour
Hidden Bullish divergence on 4 hour
Note
We might be headed down to test the fib resistance at ~17.5, or low 18's before turning aroundNote
Some levels to watch for a reversal - 18.65, 18.3, 18.09, and 17.5
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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.