The down movement is at the first started by Central Bank of Mexico auctions of cheap USD, to calm the forex markets, then they realize that the automated auctions guided by a systems of rules, it was making the market more volatile, they said because the automated robots using algorithms, then the raise of interest rates from Mexico, that give the down movement a boost, finally the partial recover of oil prices let the Mexican peso (MXN), recover the lost territory....
Then here we are, the market its moving sideway and its about to test some very strong resistance's.. look at the chart, comment your ideas..
Then here we are, the market its moving sideway and its about to test some very strong resistance's.. look at the chart, comment your ideas..