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USD/MXN Analysis Today - 20/05: Lows Test Trends (Chart)
(MENAFN- Daily Forex) The USD/MXN is traversing values which were last seen in April as the currency pair touches technical levels which have proven volatile before.
- The USD/MXN is near the 16.60680 ratio as of this writing as the currency pair lingers within the midst of is lows produced on Friday before going into the weekend. The USD/MXN is also at a price level last seen on the 15th of April. However, when the USD/MXN touched this level then, it was in the midst of a buying surge after the currency pair had challenged a value of 16.25945 on the 9th of April.
- 1 Get Started 74% of retail CFD accounts lose money
- The short-term will have to be watched and the 16.60000 support level could prove to be an intriguing psychological mark for the USD/MXN.
If this level is penetrated lower and sustained it could open the door to more selling in the USD/MXN in the near-term.

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