Possible zones to buy or sell. Actually Long as inflation in Mexico decreased, so if USD keeps strong after NFP price will try to retest 19 MXN.
However MXN is strong so there will be rejections there. If Bank of Mexico continues hawkish, price will be bouncing around 18.11 / 18.17. Those prices are still OK to keep going long as 18 will be a strong support again. And 19 resistance, so good zones to keep buying/selling so you can milk in both sides.
So OK for me this weekend (11-03) and maybe next to search generally for Longs, specially if NFP good for USD
However MXN is strong so there will be rejections there. If Bank of Mexico continues hawkish, price will be bouncing around 18.11 / 18.17. Those prices are still OK to keep going long as 18 will be a strong support again. And 19 resistance, so good zones to keep buying/selling so you can milk in both sides.
So OK for me this weekend (11-03) and maybe next to search generally for Longs, specially if NFP good for USD
Yorum:
Check my EUR MXN idea which will be my up to date status