The Peso is looking set for some short term weakness given the positive run that we saw yesterday. The USD/MXN is a volatile currency pair and only traders with high risk tolerance should take on this trade.
Trade Summary
ENTRY: 17.6850
STOP LOSS: 17.6500
TARGET PRICE: 17.7500
Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.
Read more notes by Musa HERE.
All charts sourced from Bloomberg
Musa Makoni | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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