My mexican Pesos index could be topping in what could be a first A wave coming after a long period of weakness. If so, B wave could be coming to the downside before a strong bounce to finish the correction.
Like the majority of CAD pairs CAD/MXN has posted a weekly reversal candle at key support area. I am particularly interesting in this pair as i've been awaiting a larger correction in the USD/MXN, however as it stands it is the CAD/MXN that looks cleaner imo.
Any thoughts or ideas are appreciated