Technical analysis: Mexican Peso counterattacks as USD/MXN tumbles below 200-day SMA
The Mexican Peso regained its previous strength as shown by the USD/MXN edging below the 200-day Simple Moving Average (SMA) at 17.16, opening the door to challenge the 17.00 figure. If sellers push the exchange rate below the latter, they could test the 100-day SMA at 16.96. A breach of the latter will expose the 50-day SMA at 16.81.
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