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CLASSICCITY

Short Bias on USDMXN

U.S. Dollar / Mexican Peso (FX:USDMXN)  
CLASSICCITY  
FX:USDMXN   U.S. Dollar / Mexican Peso
Parallel Channel
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parallelchannel
I remain short biased on this pair, 19.68 seems to have served as a turning point for now and lines up with a Fibonacci retrace.

The pair can continue down so long as NAFTA news continues to be positive.

Weak dollar can come into play along with higher oil prices, all of which lend to bearish bias.



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