NAFTA optimism meets resurgance of USD strenght. The price movement seems to have consolidated on a horizontal zone between 18.62 and 18.54, that is still a very widespread but I believe this familiar price range is a welcomed pause for exotic currency traders after much volatility in the MXN market. Is this the calm before the storm? Trump address later today and the beginning of Mexican presidential election will ensure the volatility returns soon.
The market returned to the bullish trend, respecting the green support line. I believe that if the bullish trend continues we might really see a strong breakout above 18.80