2024-12-27 19:45
IndustryUSD/MXN: More short-term weakness is coming
USD/MXN has a solid bearish wave structure, and we are tracking an ongoing impulsive decline that could resume soon. Why? Because the recent rise from last week's close looks slow and overlapping, which suggests this could be a wave four correction. It may stop at the 38.2% retracement level, so watch for a potential weakness after the breakout from this flag formation, which could put the
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USD/MXN: More short-term weakness is coming
Nigeria | 2024-12-27 19:45USD/MXN has a solid bearish wave structure, and we are tracking an ongoing impulsive decline that could resume soon. Why? Because the recent rise from last week's close looks slow and overlapping, which suggests this could be a wave four correction. It may stop at the 38.2% retracement level, so watch for a potential weakness after the breakout from this flag formation, which could put the
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