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JocExTradeWings
Aug 29, 2016 12:53 PM

USDMXN short remittance day. Short

U.S. Dollar/Mexican PesoFXCM

Description

Even though we had the most recent bullish news from Yellen we could expect USD to be strong. However, Mexican Remittance day is approaching near the end of the month and money from migrant workers are being sent to Mexican banks because they have no bank accounts in America. Therefore, we should try to find resistance towards the end of the month when Mexicans are receiving there paychecks. Looks like pretty soon that we could find an entry.
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