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On the 4 hour chart, we can see that the USD/MXN is trading wit the bearish bias. It may decline to the first target at the 20.955 level and the Imbalance Area's (grey area) 20.559 - 20.105 levels as its second target. It is moving below the Moving Average. This scenario will come true if the pair does not rise and fix above the 20.161 level.
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The material has been provided by InstaForex Company - www.instaforex.com