The USDMXN currency pair, which is currently at a rate of 17.1070, is pulling back after encountering resistance at an important exponential moving average (EMA) level. This has caused the pair to lose some of the gains it made the previous day when it bounced back from a low point it had reached in the past week. The viewpoint from @nehcap suggests that there is not much potential for further upward movement in the pair.
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