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TECHS: LatAm FX Price Signal Summary: USDMXN Recovers

EMERGING MARKETS
  • USDMXN is firmer today and extends the recovery from support at 19.8924, Feb 15 low.
    • Although gains have been considered corrective, yesterday's strong climb and today's extension does expose the key resistance at 20.5996, Jan 29 high. A break of this hurdle would reinstate a bullish theme
    • Key support and the bear trigger is at 19.8924.
  • USDCLP maintains a weaker tone following the recent sell-off from the Jan 28 high of 745.63. Attention is on support at 711.00, Jan 21 low. A break would expose the potential for a deeper sell-off with the major support at 693.00, Jan 6 low. Initial resistance is at 727.55, Feb 12 high.

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