USDMXN holds key base – Expert Analysis & Trading Tips

Mid-Term View
The USDMXN has rallied from the lows of a long term range around the 90.19 to 20.00 levels inside a very structured move.

Short-Term Readings

After missing the first impulse at the bottom of the move I´ve been watching this pair the entire week and today it created a perfect base at the retest of the previous broken level and 50% pullback of the first bullish impulse.

The continuation pattern is very clear here and should the bullish momentum continue at the break of the pattern price could reach the highs of the range around the 20.45

• Broker
• Benefits
• Min Deposit
• Score
• Visit Broker

• Award-winning Cryptocurrency trading platform
• $100 minimum deposit,
• FCA & Cysec regulated

$100 Min Deposit

9.8

Trade Now

• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

Trade Now

• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$50 Min Deposit

9

Trade Now

• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

Trade Now