FX Strategy 18 July 2013 |
|
USD/MXN’s drop back from its ten month June high at 13.4622 has taken it to below its major 12.55 pivot – the March 2012 and January 2012 lows.
We have therefore neutralised our medium- to long-term forecast.
The April high at 12.3665 and the 78.6% Fibonacci retracement of the May-to-June rally at 12.2640 are thus back in the picture.
Medium term resistance above 12.5516 sits at the 13.1510 current July high and can also be seen around the 13.2924 November peak.
To know more click here 
ACI OPERATIONS
CERTIFICATE TRAINING
ACI DEALING CERTIFICATE TRAINING
