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FxWirePro: Buy USD/MXN around 17.75, stop loss 17.69 and book profit around 18.31/ 18.94 levels

Pair is currently trading at 17.80 marks. It made intraday high at 17.81 and low at 17.73 levels. Intraday bias remains bullish till the time pair holds key support at 17.69 levels. Alternatively, a daily close below key…

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FxWirePro: Buy USD/MXN around 17.75, stop loss 17.69 and book profit around 18.31/ 18.94 levels
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  • Pair is currently trading at 17.80 marks. 
     
  • It made intraday high at 17.81 and low at 17.73 levels. 
     
  • Intraday bias remains bullish till the time pair holds key support at 17.69 levels. 
     
  • Alternatively, a daily close below key support level will drag the parity towards 17.37/ 17.19 levels. 
     
  • On the other side, current rebound from 17.69 will take the parity towards key resistance level at 18.94/ 19.44 levels. 

We prefer to take long position in USD/MXN around 17.75, stop loss 17.69 and target 18.31/ 18.94 levels.

 

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