Futuro del peso mexicano 8-6

  • Yesterday USD/MXN topped influential Feb 2017 peaks at 20.5400/20.545
  • Targets 76.4% Jan-Jul 2017 drop from 22.044 to 17.45 which is 20.9598
  • 76.4% retrace is effectively the point of no return for a correction
  • Break over will refocus attention on the prospect of new record highs
  • Traders are terribly positioned, short USD when last CFTC data was complied
  • Compares to big long USD possies when USD/MXN last rallied to similar levelsFuturo del peso mexicano 8 - 6

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