FX:USDMXN   U.S. Dollar / Mexican Peso
USD/MXN coiling on the monthly chart, looks to me like it's getting ready for the next move by the end of the year.

Keep in mind that this is a monthly chart...

Comments

@jaswik Pay attention to the long term trend on this. Expand the timeframe and you can see that the dollar/peso ratio always goes up. This is why I'm skeptical of any long term trade on Mexican markets.
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