| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Neutral | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇘ | ⇘ |
The American Dollar was trading against the Mexican Peso in a medium-term ascending channel.
However, after a data release on the US CPI the buck entered into a seven hour downfall and lost 1.3% in value. Such depreciation led to appearance of the current short-term descending channel with two reaction highs and once reaction low.
Since the pattern has not formed completely, the currency pair is expected to continue to move within it at least until the weekly S1 at 17.7187. Afterwards, a rebound might happen.
On the other hand, by that time the rate might experience additional pressure from the approached 55-hour SMA, which could impede the climb upstairs. Finally, there is a need to take into account that due to narrowness of the channel it might be prematurely distorted by any news coming from North America.