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Peso Continues To Weaken

MXN

Despite the weaker Dollar indices, USDMXN has taken off again and is within reaching distance of some notable levels to the topside. 20.4750 and 20.4950 are immediate levels that if broken could spur further demand for the pair.


We continue to highlight the recent move higher has exposed the key resistance at 20.5996, Jan 29 high. A break of this hurdle would reinstate a bullish theme.

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