Not only did the USD/MXN break the 200dma, but we broke the channel resistance which has kept the pair under pressure since the highs in March and April. We have also pushed past the 50dma as well. Dip buyers will be looking for moves back to the 22.0000 level, but in my experience moves like this could be very one sided. Strong enough not to let shorts out (at a good price) while at the same time not dipping far enough to let longs in (at a good price). RSI is pointing higher, strongly. 

 

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