The peso is crossing the 3 wave, it is likely to extend more than 19.50 pesos in the coming months. Although this will be a point to take into account.
The price is in a flag pattern
The price is in a flag pattern
Note
"Exchange delay" It is impossible to determine how far the value of the peso will go, with a weak dollar rose a lot, it is very likely that if the dollar becomes strong, this will rise without stopping.
It should be noted that the economic conditions of the country are not the best, please observe TradingEconomics.com, or a similar page.
Note
I'm sorry, the country's economic policy situation is not good. Most likely, it will reach 26. The next point of the Fibonacci extension is 261%, logically this will occur in the next 3-6 months
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.