USDMXN Was Rejected Into 13.0465/75…Is A Test Of 200-Day Sma Next?

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Rebuffed by the 50% retracement of Oct. decline around 13.0465/75. This level also saw 61.8% retracement (using 10/9 high to 10/17 low). Rejection was coincided by RSI Bearish Divergence (4-hour). RSI found resistance near key 65 level - Indicative of overall downtrend



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