USD/MXN moves sideways on the H1 chart after finding temporary support. It has developed a triangle pattern and now it seems determined to rebound.
The US is to release the CB Consumer Confidence later. It is expected to increase to 1118.9, from 1117.2 points. Better than expected data could boost the USD which could take the lead again.
Escaping from the minor symmetrical triangle could bring us a new upwards movement. Actually, jumping and stabilizing above 19.926 could activate a potential bullish momentum.
Technically, only a false breakout above the immediate obstacles could invalidate the bullish scenario and could bring us a new sell-off. The median line (ml) could attract the pair if USD/MXN increases.
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