After a three-year correction of wave IV, the Uruguayan peso is now depreciating again and should finalize wave V.
The target range is shown in the chart.
What is striking about Paraguay is that the guarani has been more stable than the peso against the USD in recent years since 2014.
Once wave V has ended, the peso should appreciate again against the USD. In 2-3...
major trend up side, respecting the pullback on D1 to 38 fibo.... respecting up trend line.
on 2H break of the down counter trend line and MA crossover.
Should keep on going to the upside.
