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USDMXN Elliott Wave Analysis

SAXO:USDMXN   U.S. Dollar / Mexican Peso
USDMXN did not change much in the last few days, and it can stay that way till FED rate decision tomorrow. From an Elliott wave perspective, it's a still bearish trend, but can be making a fourth wave pullback, still headed towards higher resistance as subwave c is missing. The ideal zone for the next sell-off is at 19.12, while the invalidation level is at 19.51; as long this one is not breached trend remains bearish.

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