Futuro del peso mexicano 7-8

  • USD/MXN up since Jul 19 despite good Mexican data & ratings news
  • USD/MXN shorts little changed despite rise:
  • This week Banxico rate decision (f/c unch) follows CPI (f/c higher)
  • Softer commodities and then strong US jobs adding to bullish risks
  • 21-DMA @ 17.7370 supports. Resistance @ 18.00 & 55-DMA 18.0420
  • Above 18.05 likely peso longs run for cover, target Jul high 18.4065
 Futuro del peso mexicano 7-8
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