delfin
Short

USDMXN @ RESISTANCE LEVELS

FX_IDC:USDMXN   US DOLLAR / MEXICAN PESO
14 1 1
So after a long long vacation, I am back. Just to see that this precious has gone nowhere.
I find it important to recall that in the long term we are at resistance levels, and even the 4 hour chart found overbought levels in the last two movements to the upside.
It may be that we are in early stages of a relevant down leg, so find myself more comfortable selling rather than buying.
I think it's important moment to comment on current situation and make some prediction.
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