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The Mexican Peso rallied to 17.26 against the USD, the strongest level since May 2016. Economists at Société Générale analyze USD/MXN technical outlook.
USD/MXN failed to overcome its 50-DMA near 18.00 recently and has cut below the low of last month denoting resumption in downtrend.
Daily MACD has started posting positive divergence however signals of a meaningful rebound are not yet visible.
Holding below the peak formed last week near 17.60, the pair is expected to head lower. Next potential objective is at 2016 low of 17.10/16.95
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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