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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 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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