On the 4 hour chart, we can see that the USD/MXN is trading wit the bearish bias. It may decline to the first target at the 20.955 level and the Imbalance Area's (grey area) 20.559 - 20.105 levels as its second target. It is moving below the Moving Average. This scenario will come true if the pair does not rise and fix above the 20.161 level.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com
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