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The Mexican Peso rallied to 17.26 against the USD, the strongest level since May 2016. Economists at Société Générale analyze USD/MXN technical outlook.
USD/MXN failed to overcome its 50-DMA near 18.00 recently and has cut below the low of last month denoting resumption in downtrend.
Daily MACD has started posting positive divergence however signals of a meaningful rebound are not yet visible.
Holding below the peak formed last week near 17.60, the pair is expected to head lower. Next potential objective is at 2016 low of 17.10/16.95
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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