USD Up on Fed Statements; Oil Sinks on Demand Concerns

USD/MXN:

It appears as if a fresh bearish cross has formed on the hourly Slow Stochastic, suggesting to forex traders that an opportunity is impending. The RSI on the hourly, 4-hour, and daily chart are all sitting in a bearish posture. Combined with the bearish cross mentioned above, it is evident that a downward movement is impending. Going short on this pair today may not be a bad idea.