Technical Analysis

USD/MXN at main resistance as border battle rages

USD/MXN jumps

Discuss of closing the border has jolted USD/MXN at the moment, sending it greater than 1% greater.

Technically, the downtrend from the 2017 excessive is being threatened.

If that breaks, it is pretty clear crusing till the June excessive.

Except for Trump raging in regards to the border, there may be some fear in regards to the new authorities of Lopez-Obrador, who might be sworn in subsequent weekend.

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