alepensel

SHORT IDEA: ARS - Peso Argentino Chart $USDARS #USDARS

Short
FX_IDC:USDARS   U.S. DOLLAR / ARGENTINE PESO
Dollar against Argentinian Peso has soared from 16.1 to 17.3.

Then it has returned to 17 and it's showing some weakness. There is a chance to see it going back to 16.1/16.2 just as a technical pullback (Argentinan goverment could feel confortable with this exchange rate beacuse of the comming legislative elections).

The final destination in the middle term for this currency is 18.50/19.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.