I have been saying this since mid December that I think the Peso is putting in a multi year bottom. I called it at 22 and reiterating it now.
Should you be shorting here? Probably not, but this is a sell rallies asset as $EWW and the Peso both have looked like they bottomed. $USDMXN
Here is the daily, clear top at 22 is in place now, all rallies should be sold.