| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The USD/MXN currency pair has been trading downwards within a falling wedge pattern since the beginning of August.
From a theoretical perspective, it is likely that the exchange rate could continue to decline within the given pattern within the following trading sessions. Then, a breakout north could occur, and the rate could target the Fibo 38.20% at 22.57.
Meanwhile, note that the currency pair could remain under pressure of the 200-period moving average. Thus, some downside potential could continue to prevail in the medium term.