Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Regulator:

×
CySEC

Skilling Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18

Continue
FSA

Skilling (Seychelles) Ltd, is authorized and regulated by the Financial Services Authority (FSA) under license No. SD042

Continue
Technical Analysis

Either a rebound or a breakout imminent on USDMXN

629e7c338f9e5e41016b309f.png

USDMXN is heading towards a line of 19.4985. If this movement continues, the price of USDMXN could test 19.4985 within the next 2 days. But don't be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Not investment advice. Past performance is not indicative of future results. Trading cryptocurrency may not be available depending on your country of residence.

Related Articles

Should we expect a bearish trend on AUDCHF?

After testing 0.6618 numerous times, AUDCHF has finally broken through. Can we expect a bearish trend to follow?...

A final push possible on NZDUSD

A final push possible on NZDUSD as it starts approaching a price line of 0.6282....

Should we expect a breakout or a rebound on EURCAD?

After testing 1.3693 numerous times, EURCAD is once again approaching this price point. Can we expect a bullish trend to...