Currency pair dollar to the Mexican peso USD MXN on the hourly chart is trading within a descending pattern Wolfe waves for the purpose of falling below the 18.00 area. Cancellation option drop in prices USD MXN July 25, 2016 will be a strong growth of the pair above the level of 18.90, which will lead to the cancellation of a bearish wave Wolfe.
USD MXN Forecast Mexican peso July 25, 2016
An additional signal for the continuation of the fall is the beginning of the mining forex reversal pattern on the daily chart USD MXN.
USD MXN Forecast Mexican peso July 25, 2016 suggests continuing depreciation of the dollar in the framework of completion of work bearish Wolfe wave model with a view to the level of 18.00.
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