PD_Capital

USDMXN....trouble still ahead

Long
FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN has failed for now to post a new low and has failed again to break below the 52w ema , that has acted as a support level over the last few years, and formed a double bottom in the process. Using the Wave 4 post-triangle break of 2017-2020 that we discussed before, we could be looking at potential targets of 26.80 or higher in the next couple of years.

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