FX.co ★ Technical Analysis of Daily Price Movement of USD/MXN currency pairs, Thursday January 05, 2023.

On the daily chart USD/MXN currency pairs move inside the channel that dips down (Bearish) and the Moving Average is still in a Death Cross condition and the CCI is below level 0 where this all indicates that in the near future USD/MXN will drop down to the level of 19,036 in the next few days but if it is on its way towards that level suddenly there is an upward correction that exceeds the level of 19,582, so the decline scenario described earlier will become invalid.

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