Forex Critical: A Major Breakthrough Eluded Mexican Peso Bulls
Bulls in the Mexican peso successfully reversed all the post-election gains in USD/MXN. Yet they failed to hold onto a big break through when USD/MXN hit a new 6-month low last week. Buyers quickly stepped in and sent USD/MXN right back to its declining 50-day moving average (DMA). Source: FreeStockCharts.com The latest CFTC data on … Read more