After Dovish FED and Strong México económico. For 2024 the Pesos will reach 16 and 15 pesos.
I expect just consolidation for next days.
I arrived from Europe, actually in the CDMX and now is hard to have a strong peso.
Before going to La Paz, I will be in Querétaro and change some Euros as I expect a pull back up so before the price fall. From 18 to 22 you can...
My actual and more recent status from la Paz, MX.
Expecting mainly, shor term EUR strenght (LONG) and medium long term MXN to remain and keep strong (SHORT).
I put the zones which I see interesting. Mexican Peso will remain strong however I see that in short term is will get a bit weaker. So those zones are OK to keep milking. Iniatially I'm LONG and then if...
Possible zones to buy or sell. Actually Long as inflation in Mexico decreased, so if USD keeps strong after NFP price will try to retest 19 MXN.
However MXN is strong so there will be rejections there. If Bank of Mexico continues hawkish, price will be bouncing around 18.11 / 18.17. Those prices are still OK to keep going long as 18 will be a strong support...
