Thu, 19 May 2022 07:52:13 GMT
USD/MXN declines in large scale pattern
In late March, the USD/MXN pair broke the channel up pattern, which guided it since early 2021. It appears that a smaller scale pattern, which was located in the larger pattern, has guided the rate back to the 2021 low level zone. The intact pattern captures the pair's moves since the late 2021 high level was reached.
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