Hi everyone,
In the short run, it seems there is a strong support around 18.75.
However, I believe if the oil rally keeps going, we could see the Mexican peso going stronger.
If USDMXN breaks, it could go to 18.5 where there is another huge support.
If we rally, we could go to 19.
In the short run, it seems there is a strong support around 18.75.
However, I believe if the oil rally keeps going, we could see the Mexican peso going stronger.
If USDMXN breaks, it could go to 18.5 where there is another huge support.
If we rally, we could go to 19.