The pair took the support at 200-day Sma and moving towards the double top at 13.100 levels. Currently the pair is trading at 12.974 levels. If the pair breaches 13.100 straight away, it will move to 13.34 and 13.91 levels. Like JPY, MXN also took the support at 200-day Ema. If it breaks and closes below 12.76, it can correct to 12.67, 12.53 and 12.38 levels.
The material has been provided by InstaForex Company – www.instaforex.com
USD/MXN
The pair took the support at 200-day Sma and moving towards the double top at 13.100 levels. Currently the pair is trading at 12.974 levels. If the pair breaches 13.100 straight away, it will move to 13.34 and 13.91 levels. Like JPY, MXN also took the support at 200-day Ema. If it breaks and closes below 12.76, it can correct to 12.67, 12.53 and 12.38 levels.
The material has been provided by InstaForex Company – www.instaforex.com
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