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Dow Soars Above 200-Day Average on NFPs, Will the Fed Keep the Dollar Sliding
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A USD/MXN Approach into the Election

A USD/MXN Approach into the Election

2016-11-07 18:09:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

USD/MXN has been trading around long term channel resistance since February. The possibility of a topping process (3 peaks since February) at long term resistance piques interest in the short side. The long term resistance line is near 19.25-19.30 and where I'll watch for resistance.

The possibility exists for widening spreads and price spikes during the election tomorrow. The markets will be there after the election. If you do something foolish, you're money might not be.

USDMXN Weekly

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