Futuro del peso mexicano 18-4

  • USD/MXN eased out support at 18.00 that was tied to option/corp buying
  • 17.94 low followed by an 18.06 rebound today but risks lie lower
  • USD/MXN a long way from correcting its l-term rise, 38.2% retrace is 16.038
  • 18.00 break initially opens potential for 17.45/17.05 Jul 17/Apr 16 lows
  • Peso is a liquid high yield play benefiting from robust stock markets
  • No local data to steer focus away from bearish USD/MXN techs until Apr 23/25
bstops 554 / sstops 544
50HMA+ 549.80
Futuro del peso mexicano 18-4
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