ew-forecast

USDMXN Can Break The Trendline Support

SAXO:USDMXN   U.S. Dollar / Mexican Peso
USDMXN is coming down nicely, but still sitting on that trendline support which I think can be broken this week. Ideally, pair will then continue south to 19.60-20.00 area. Resistance for B remains at 20.70/80.

A broken neckline on crude oil will be bearish for USDMXN.

Elliott Wave Service
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