The USD / MXN sees a key support test for the lower end of its range at 23.25 / 22.84, analysts at Credit Suisse report.
“Even though the market is currently under pressure, the USD / MXN range is still more like a continuation pattern of the bullish triangle.”
“Above 25.79 is necessary to add weight to the upside view and complete the” triangle “to go to 26.26, before 27.00, where we expect to see new sellers at the start.”
“The key support at 23.25 / 22.84 must be maintained to maintain the range. On the other hand, an analysis below would suggest, on the other hand, that a peak has been reached to lower the risks in the medium term, with support at 10:15 p.m. and then at 9:30 p.m. “