Friday, September 21, 2012

USD/MXN intraday: key resistance at 12.95.


Pivot: 12.95
Our preference: Short positions below 12.95 with targets @ 12.68 &12.6 in extension.
Alternative scenario: Above 12.95 look for further upside with 13.05 & 13.15 as targets.
Comment: the upward potential is likely to be limited by the resistance at 12.95.

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