as we posted weeks ago , finally the USDMXN broke any support and yesterday did a strong movement to the south ...
almost reaching our target for the year end 2020 ..
The moment were more Fundamental than technical, Mexico August inflation print yesterday was much higher
than it was expected , around 4% , thus Banxico ( Mexico central Bank ) will have less room to CUT Rates in the coming months ... this strenght the MXN .
also Moddys said yesterday that Mexico is still in a good shape and it seems the country ll not lose the Investment
Grade in the next 12 months ...
21 SEEMS NEXT SUPPORT ..
21.21 21 GOOD LEVELS TO AGREGATE ..
GOOD LUCK
almost reaching our target for the year end 2020 ..
The moment were more Fundamental than technical, Mexico August inflation print yesterday was much higher
than it was expected , around 4% , thus Banxico ( Mexico central Bank ) will have less room to CUT Rates in the coming months ... this strenght the MXN .
also Moddys said yesterday that Mexico is still in a good shape and it seems the country ll not lose the Investment
Grade in the next 12 months ...
21 SEEMS NEXT SUPPORT ..
21.21 21 GOOD LEVELS TO AGREGATE ..
GOOD LUCK