PipsOverPast

Pmi's Will Make Or Break Usd/MXn

Long
OANDA:USDMXN   U.S. Dollar / Mexican Peso
Pmi's Will Make Or Break Usd/MXn

Projected to come lower than expected it could be the signal that tips the market back into recession fears

Heavy reaction is expected here as goods balance and trade have been circumvented through Mexico as of late

Technically we are at a historic bounce area, a decent area of demand we are leaning towards a bullish bias with the trigger being any strength off this level

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