USDMXN tests the lows from last week....

Bears are pushing lower

The USDMXN is trading near the low from last week at 18.49577. The low today reached to 18.5020. Earlier in the day, the price stalled just ahead of the 100 and 200 hour MAs (blue an green lines).

On Friday, the price fell below a neckline from a head and shoulder formation that gives the pair more of a bearish bias as well.

Get below the low from last week, opens up the bearish door some more...