USD/MXN On Brink Of A Bear Continuation
USD/MXN is ending a bigger triangle correction within a corrective wave IV, where former swing low of a sub-wave A) proved to be good resistance. We see a continuation lower, however, a decisive break below the 21.83 level is still not visible. That said, a drop below the 21.83 level will confirm a wave V to be under way.
USD/MXN 4-Hour Chart.