GibbsGibbleton

USDMXN Horizontal Consolalidation Channel

OANDA:USDMXN   U.S. Dollar / Mexican Peso
This week has been highly volatile for the Dolar/Peso testing much higher than the current range as well as lower.

The current consolidation is between 18.60-70. Beware of any price action bellow 18.60 as we could make a bearish run to the lower end of 18 or on the opposite end beyond 18.8 to 19. I think there has been a lot of news affecting the dollar recently and NAFTA negotiations will enter the 7th round next week. What we are seeing is a small respite before further volatility .
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