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A continuation of Friday's Dollar weakness has seen USD/LATAM reverse. With USDBRL and USDCLP having closed their opening gaps and now trading weaker by 0.15% and 0.5% respectively, this may act as a pre-cursor for USDMXN testing the most recent lows of 20.0825 and 20.0742.
- As our tech analyst pointed out, a break may target 19.8546, the Jan 25 low.