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12.01.202306:25 Forex Analysis & Reviews: Technical Analysis of Intraday Movement of USD/MXN Currency Pairs, Thursday January 12, 2023.

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The USD/MXN currency pair on the 4-hour chart appears to be trying to correct a rally upwards after successfully breaking below the 19,036 level where this is confirmed by the appearance of deviations between price movements and the Awesome Oscillator indicator. The level to be tested in the near future is the area 18,980-19,039 but if before successfully heading to that area level suddenly USD/MXN moves down again to break below the 18,911 level then it is very likely that the scenario described earlier will become invalid and cancel itself.

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