Elysiumtraders

USD/MXN jumps to 5-week highs above 19.40

Long
FX:USDMXN   U.S. Dollar / Mexican Peso
The next target is seen around 19.45/50. The mentioned area could limit the upside, but if it continues to rise on top, 19.75 is the next strong resistance.
After a pullback to the 19.20 area, the USD/MXN resumed the upside, and it reached at 19.42, the highest level since January 8. It is holding near the top with a bullish tone.
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