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.

 

usdmxn-w1-fx-choice-limited

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