ForexYell

Banxico Intervention Watch

FX:USDMXN   U.S. Dollar/Mexican Peso
USDMXN             opened lower and looking to show exhaution in the near-term moving from 17.20 to a low near 16.90. MXN may outperform further, which says little given it's recent loss if Banxico’s willingness to intervene in FX if founded.

It's best to watch Oil             for longer-term direction. there is support intraday in the 16.85 area.
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