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.