08.12.2022 07:04 AM
Analysis Technical of USD/MXN Currency Pair Daily Movement Thursday December 08, 2022.

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On the daily 4-hour chart for the USD/MXN currency pair, it can be seen that there is a deviation between the price movement and the CCI indicator and being above the Moving Average so that in the near future it is predicted that this currency pair will appreciate to the level of 19,858 as the main target to be penetrated and above. 20,107 as the second target but if on the way to the targets that have been described there is a sudden significant downward correction that goes past the level of 19,344 then all the Bull scenarios that have been described previously will cancel by itself.


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