ANALYSIS
NQ100 Finds Support from PPIApr 14
USDMXN is still under pressure
Banxico’s strong monetary tightening is keeping the pair in the descending trend. Technically, unless it exceeds 20.96 resistance, downward moves continue towards 20.37 level. Below this level, 20.00 support indicated by Fibonacci 200 percent expansion line will be on our radar. On the other side, when we see it exceeding 20.96, our target will be 21.25 resistance.
