USDMXN will breath a bit

FX:USDMXN   U.S. Dollar / Mexican Peso
Mi first scenario is that after an acute rally the USDMXN should take a little break before try to make new highs.
As the channel guide tell us, if the pullback that has started breaks below the channel line, the more probable scenario will be a even longer 5th wave. In contrast if the pullback stops near the bottom line in the channel is more probable a small 5th wave.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.