USDMXN at a Pivotal Point

26 thg 4, 2016

USDMXN is at a pivotal point here. It could break its long term down trend by breaking the top trend line and continuing up. It could break the bottom and stay in the channel for a nice short. Or it could buts both lines and do whatever it pleases. I am going to wait and see on this one in 8 hours or so, but I like a short to 17.1 If it does move down be mindful of the bottom line marking the lowest point price has hit recently.