A sloppy cup and handle pattern may push the USDMXN above long term resistance.

The USDMXN has a very sloppy cup and handle pattern. But the risk following the break of 19.7700 is a move back to the long term triangle resistance at 20.2000. The cup and handle points further than that, but this should be key resistance in the coming day(s). RSI is divergent now, but still could move higher with price.

USDMXN Cup & Handle

Blake Morrow