Get started
Trader_Landry

Mexican inflation is dropping but not fast enough

Short
U.S. Dollar / Mexican Peso (FX:USDMXN)  
Trader_Landry Updated   
FX:USDMXN   U.S. Dollar / Mexican Peso
Trend Analysis Support and Resistance Fundamental Analysis USDMXN
4
2
trendanalysis supportandresistance fundamental usdmxn
Today we saw the Mexican inflation come out lower than expected but it is not where the Mexican central bank wants it to be yet. For that reason, the work to slow inflation down is not done yet and they will have to at least keep the rates high... On the technical side, we see price failing to create a new higher high and we just broke below the structure for a potential short term bearish movement.
Comment:
TP1 hit
Comment:
TP 2 hit
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.