- 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.
