Clear Uptrend Its going to Drop to the Lower 109.2** then Retrace to the previous resistance point at 109.7**
Tripletap
Peso and Dollar Tap DancePeso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect.
Mexico Central Bank sold off dollars to stymie skid .
Meanwhile, speculators know that the Peso is squat .
I think the Peso is squat. Technically, the Peso is squat. Technically, we are due for a retrace and the classic Triple Tap Price Action may conclude. I look for a potential reversal from it when RSI is Your Friend .
Note: I mostly go long and buy breakouts on this pair, because your True Best Friend Is The Trend (and the Peso is still squat).
