USD/MXN Observation

This is a long term (Weekly) chart of US Dollar vs. Mexican Peso. We wouldn’t try to call a top in this pair. There is a lot going on from an Economic and Political perspective. However, there are some observations worth noting.

We have a Tweezers Top, Evening star pattern, a very weak close. Just for fun, we can draw a potential head and shoulders formation.

Can this shoot higher for the next month or two? YES.

But, we can start with an idea and see how it starts playing out.

 

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