USDMXN to continue downwards??

Hello Traders,

The USDMXN appears to be continuing its downward movement following a short move upward. Hidden Bearish Divergence is forming on the 12H MACD/Price Chart. RSI has just moved out of OVERSOLD territory on the 12H as well. On the 3H, price is being rejected off the 50-EMA and Hidden Bearish Divergence is also forming on the MACD/Price Chart.

Thanks for reading. If you liked my analysis, please give me a follow.

*The above is not investment advice but simply my analysis of the current market conditions*