Watch the Peso Here – Big Bull Flag Brewing

The Mexican Peso – after the post election 10% – is holding the highs. I was thinking with the price of oil rising, and oil being a main export of Mexico, that the Peso could possibly blow off and top. I am not so sure that is the case anymore, or there is something else going on.

Right now the Mexican Peso has put in a big ass bull flag and if this breaks should test the highs into the mid 20’s. Is this another oil tell? Time will tell.

usdmxn

 

UPDATED:

01.03.17 : Breakout

usdmxn-peso

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