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Economists at Société Générale analyze USD/MXN technical outlook and see the pair moving to 16.95/16.60.
USD/MXN downtrend has extended after it struggled to overcome the 50-DMA at 18.00 (now at 17.75). The move is a bit stretched and an initial bounce is not ruled out. However, failure to reclaim the MA near 17.75 could lead to a continuation of the downtrend.
Next potential objectives are located at projections of 16.95/16.60.
See: Brazilian Real and Mexican Peso will remain well supported – Commerzbank
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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