USD/MXN Trading Analysis (03/05/2024)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The sloping channel of the downward truncated structure is breached. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows the overbought state.

Trading idea:

Buy at the breach of 17.013

Stop-Loss at 16.900.

Target price levels at 17.200 and 17.542.

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