Technical Analysis – USDMXN posts 11-day low; bearish cross in place
USDMXN is extending its declines for the sixth straight day, hitting an 11-day low of 18.5853 earlier on Friday. The RSI has moved below the 50 neutral-perceived level and continues to decline. This is indicative of bearish short-term momentum for the pair. Additional losses could meet support around the current level of the 200-day moving […]