Not only did USD/MXN break the 200-day moving average, but it broke the channel resistance that has kept the pair under pressure since the highs in March and April. It also pushed past the 50-day moving average as well. Dip buyers will be looking for moves back to the 22.0000 level, but in my experience moves like this could be very one-sided. Strong enough not to let shorts out (at a good price), while at the same time not dipping far enough to let longs in (at a good price). RSI is pointing higher, strongly
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