USD/MXN rebound has faltered near recent pivot high of 17.42. Economists at Société Générale analyze the pair’s technical outlook. A pullback can be e
USD/MXN rebound has faltered near recent pivot high of 17.42. Economists at Société Générale analyze the pair’s technicalDaily MACD is struggling to maintain above its trigger denoting lack of steady upward momentum. Short-term, a pullback can be expected towards 16.80, the 76.4% retracement of recent bounce. If the pair fails to defend this, one more down leg can’t be ruled out.
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