The treasure is under the X, but above the support...

Under my point of view, in the USDMXN chart the technical analysis have not too much sense, but the "fundamentals" like the fact of Mexico was dispossessed of his oil, makes the recovering unlikely and the shorts limited. If we add the actual possibility of the fx market correction against the usdollar, gives me the setup for buy the pair but trading the range. If there is a hoot on support will be better.