JaimePantoja

USDMXN: Looking for new Highs?

FX:USDMXN   U.S. Dollar/Mexican Peso
In this context I would be looking for a corrective structure and then look for a long set up in order to enter the market, however the price can also break the 19.90 area and maintain the underlaying uptrend, in this case I prefer to wait in order to have a better entry. Notwithstanding if the 19.90 holds then we could be facing a consolidation phase in this scenario a reevaluation of the context is a must before to take any trading decision.

Related article in Investing Mexico - Spanish.

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