USDMXN sees further downside...........>

MEXICAN PESO: USDMXN sees further downside extension, with the Mexican Peso

benefiting from the USMCA outlook. 

The GOP-controlled Senate is expected to finalize the USMCA within weeks,

cementing Trump's most substantial victory on trade policy. But Senate leaders

could be forced to delay a floor vote until after Trump's impeachment trial if

Speaker Nancy Pelosi (D-Calif.) sends House-passed articles of impeachment to

the upper chamber in the coming days.

*Technically, lower extension/projection should be on the card. 

-immediate next support is seen at 18.7480 and a clear break through the latter

should see test to level seen in 2018 with 18.44 eyed next. 

-Would need a break back above the 50d MA at 19.15, to spoil the near term

outlook