USDMXN may break the 20.20 level soon

٤ سبتمبر

Intraday Update: The USDMXN is nearing the 20.00 level as Mexico's Lower house approved general text by AMLO which would allow justices to be elected by popular vote. This has kept pressure on the MXN and a break of the 20.0000, then 20.2300 would trigger upside stops. While above 19.6000 the risk remains higher.