{"id":226364,"date":"2024-01-09T18:15:21","date_gmt":"2024-01-09T12:45:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=226364"},"modified":"2024-01-09T18:15:21","modified_gmt":"2024-01-09T12:45:21","slug":"inability-to-cross-the-17-42-17-55-hurdle-would-mean-continuation-in-decline-socgen-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/inability-to-cross-the-17-42-17-55-hurdle-would-mean-continuation-in-decline-socgen-crypto-news\/","title":{"rendered":"Inability to cross the 17.42\/17.55 hurdle would mean continuation in decline \u2013 SocGen – Crypto News"},"content":{"rendered":"

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Mexican Peso (MXN) bucked weaker LatAm trend in the first week of 2024. Economists at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analyze USD\/MXN technical outlook.<\/p>\n

Next potential supports are at last year’s low of 16.60 and 16.40<\/h2>\n
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USD\/MXN has resumed its decline after testing the trend line drawn since 2021. Recent attempt of rebound has faltered near 200- DMA (17.42\/17.55). Daily MACD is at a higher level as compared to November however signals of bounce are not yet visible in price action; the Moving Average near 17.42\/17.55 must be overcome to denote a meaningful up move.\u00a0<\/p>\n<\/blockquote>\n

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Holding below recent pivot high of 17.10, the pair could head lower towards last year’s low of 16.60 and projections of 16.40\/16.10.<\/p>\n<\/blockquote>\n

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Share: Mexican Peso (MXN) bucked weaker LatAm trend in the first week of 2024. Economists at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analyze USD\/MXN technical outlook. Next potential supports are at last year’s low of 16.60 and 16.40 USD\/MXN has resumed its decline after testing the trend line drawn since 2021. Recent attempt of rebound has faltered near 200- […]<\/p>\n","protected":false},"author":2,"featured_media":59046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,871,256,254],"class_list":["post-226364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdmxn","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=226364"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226364\/revisions"}],"predecessor-version":[{"id":226365,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/226364\/revisions\/226365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/59046"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=226364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=226364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=226364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}