Technical analysis: Mexican Peso gains momentum as USD/MXN tumbles below October 2015 lows
The USD/MXN fell to a new nine-year low at around 16.32, with traders posing to drive the exchange rate below that level toward the 16.00 figure. Even though the Relative Strength Index (RSI) turned oversold, sellers are gaining momentum. Therefore, the next support would be the psychological 16.00 figure
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