Thu, Jul 29 2010, 21:31 GMT
by
FXMarketAlerts Team
- FXMarketAlerts
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Published at 19:03 (GMT) 29 Jul
3:00 EDT - USD/MXN is still in a bearish consolidation, unable to extend the Jul decline. Sustained trade below 12.712 (NY closing basis) will keep it primed for a new drop and only a move back above the extended TL (12.784, rising roughly .145/day) can reverse the S/T posture. MV
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