ZenithG

Maintain Channel Until China Trade Deadline - Oct 15

FOREXCOM:USDMXN   U.S. Dollar / Mexican Peso
It is appearing that the Peso will maintain the trend line but stay within the ~19.50 - ~19.80 channel. RSI is showing possible lower drop but eventually heading back up. If trade talks do not go well, expect Peso to test recent highs and shoot higher in the short term. Shaded zone represents time from now to Oct 15 when tariffs kick in. Also take into account Mexican FED wanting to lower interest rates by 25-50 basis points (.25%-.5%). October is looking to be an interesting month!
Great update, thanks!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out