It has just moved below the support level, and worse than that...it is ALSO below the 200 day moving average. One more caviat....the USD Index is currently over 81.50...at the top of its range. The USD/MXN touched the 23.6% fibonacci line and bounced back. If it tests that level and breaks it...we might be looking for a nice retracement back down towards 12.0000.
Check out this chart i made. The black line is the moving average, the yellow dotted line in the support level, and the white lines are the fibonacci retracement levels. The bottom right corner magnified the last few sessions. Notice how it is below both the moving average (black line) and the support line (yellow dotted line)? 2 BEARISH indicators, plus a likely USD pullback! SELL SELL SELL!
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