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Economists at Société Générale analyze USD/MXN technical outlook.
USD/MXN has recently struggled to overcome the 200-DMA (now at 17.20) resulting in persistence of decline. It has retested last year low of 16.60 which is an interim support.
Daily MACD has started posting positive divergence denoting receding downward momentum but, move beyond the MA near 17.20 would be essential to confirm a meaningful up move.
In case the pair breaks 16.60, the phase of correction is likely to extend. Next potential objectives could be located at projections of 16.40 and 16.10.
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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