USD/MXN Trading Analysis (01/02/2024)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator. The downward truncated wave structure finished with the breach of the sloping channel.

Trading idea:

Buy at the breach of 17.225.

Stop-Loss at 17.100.

Target price levels at 17.360 and 17.480.

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