USDMXN is in a recovery mode since Trump won the US election. But notice that bulls can be losing strength, so possibly that’s even an ending diagonal a.k.a. wedge pattern now that can come to an end. Well, with the recent news that tariffs for Mexico are delayed, Mexican Peso is recovering, so USDMXN pair can see a bearish reversal, especially if price manages to break 20.12 swing support. A reversal can then be strong and sharp.
USDMXN Daily Chart
Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.
Citigroup Economic Surprise Indices Have Little Bearing On Equity Market Performance
Mega Millions Prize Rises to $257 Million: Read This Before You Buy a Ticket
The US Dollar Has Begun To Recoup After The Fall On Friday
Chinese Solar Stocks Rebound Despite Jinko Downgrade, Ja Solar ‘Caution’
REIT Dividend Matchup: Realty Income Vs. Omega Healthcare Investors
