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A USD/MXN Approach into the Election

A USD/MXN Approach into the Election

Jamie Saettele, CMT, Sr. Technical Strategist

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.

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