Mexican peso took a big hit against the USD because of politics. The recent price drop in USD/MXN is an adjustment to the exaggerated rally. It is very likely that the Mexican peso according to the Dylan Wave Theory will start to find support between 17.9100 and 17.4600. It is time to accumulate (buy) USD/MXN with a wide stop and a big profit target.
When there seems to be no bottom in sight that can be a good time to buy at key support prices.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.