The fundamentalists and weather traders are all unanimously bearish. Now, that's bullish!
SImilar to the Peso, fundamentally, US would benefit from currency rise in both major trading partners.
Senor Carlos Slim will negotiate a positive future for Mexico and United States. A new dawn.
Price appears to honor symmetry of top pattern, resisting at center regression line and finally letting go as right wing extension time concludes. Now will the descent match the previous ascent?
Recent Moody upgrade of Mexico to coveted "A" rating gives it legs. Looks like cycle, double top type formation is completing. Mexican Peso now around 7.5 cents US. I'm looking for 8 cents. So, USD/MEX down.
Excitement here. Bull needs to be fed, but have we run out of hay? Most interesting Friday reversal.