USD/MXN snaps a three-day losing streak, trading higher around 18.
USD/MXN rebounds after a losing streak.
line diverges below the signal line, indicating that upward momentum weakens. Support at 23.6% Fibonacci retracement aligned with the 18.0000 key level. 0700 during the Asian session on Tuesday, followed by the key resistance around the seven-day Exponential Moving Average at 18.1310 lined up with the key level at 18.2000. A firm breakthrough above the barrier could open the doors for the USD/MXN pair to explore the region around the previous week’s low at 18.
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