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Economists at Société Générale analyze USD/MXN technical outlook and see the pair moving to 16.95/16.60.
USD/MXN downtrend has extended after it struggled to overcome the 50-DMA at 18.00 (now at 17.75). The move is a bit stretched and an initial bounce is not ruled out. However, failure to reclaim the MA near 17.75 could lead to a continuation of the downtrend.
Next potential objectives are located at projections of 16.95/16.60.
See: Brazilian Real and Mexican Peso will remain well supported – Commerzbank
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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