USD/MXN to extend its fall towards 2021 lows at 19.60/19.53 on a break under 20.25/20.10 – SocGen USDMXN Banks
2021. A break below here would open up last year lows at 19.60/19.53, economists at Société Générale report.“A short-term bounce is not ruled out however a break above graphical levels of 21.00 is essential to re-establish upward momentum.”
“If support at 20.25/20.10 gets violated, there will be a risk of an extended down move towards 19.85 and last year lows at 19.60/19.53.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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