USDMXN Confirming our long-term pattern. Strong Buy now!
We made this accurate projection based on the similarities with the April - June 2021 fractal . The correlation continues to hold as the price is now trading sideways near the Support level , having broken last Friday below its 1D MA50 (blue trend-line). As per the 2021 sequence, we can expect another month (roughly) of neutral/ sideways price action below the 1D MA200 (green trend-line), before the next strong rebound towards the Lower Highs trend-lines. Technically, this is another solid medium-term buy opportunity.
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