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- USD/MXN drops below $18.60 even though the US Dollar remains strong.
- US economic data was mixed, with Durable Good Orders showing some strains blamed on cumulative tightening by the Fed.
- USD/MX Price Analysis: Trapped within the 50/20-day EMAs.
USD/MXN stays depressed after drawing back-to-back hammers in the daily chart and slides; looking forward to testing the daily low of 18.5160. The USD/MXN fluctuates around 18.54 after hitting a daily high of 18.7968.
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