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Powell Headlines Keep Greenback On Front Foot

MXN
  • USDMXN hovering just below the November highs and testing horizontal resistance around this level.
  • As mentioned, a sustained breach of here and the 21.00 mark would focus in on 21.1550, the 76.4% Fibonacci retracement from the March-Jun2 2021 price swing.
  • Above here the 2021 highs at 21.6357 would be the target

MNI/Bloomberg

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