USD/MXN Trading Analysis (08/05/2024)

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

Trading idea:

Buy at the breach of 16.940.

Stop-Loss at 16.823.

Target price levels at 17.080 and 17.268.

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