Update Mexican Peso : From Oversold To Overbought in 1 month time.

 

Hereafter an update of chart posted on January 23rd   : “Mexico … Time to buy ! ”  :   Link here  .

9 % gain for MXN since January 23rd . Investors who played this move via a pure Forex/leveraged trade could take partial profit from here and approaching the 19 support level. Investors who traded MXN via a short term 1 year bond purchase should hold. Those who did not act should wait an upward correction to 20,25 to 20,50 as  a good entry point.

 

 

 

 

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