USD/MXN Price Analysis: Mexican Peso retreats to 17.00 but bears are far from home

• USD/MXN picks up bids to snap three-day downtrend at the lowest level in a fortnight.
• Firmer RSI, multiple supports around the 17.00 teased Mexican Peso sellers.
• Weekly resistance line, 200-HMA restrict immediate recovery while 17.33 holds the key to buyer’s conviction.

USD/MXN: Hourly chart

Trend: Limited recovery expected