USDMXN continuation shorts down to demand on daily

11 mar 2023

we should by now understand the game of probabilities when it comes to our trading edge. so with that being said lets go over this USDMXN. The peso’s strength reflects a relatively optimistic outlook for the Mexican economy, with 2022 growth surpassing expectations. Having grown 4.8% in 2021, the World Bank expects it to grow by 2.1% in both 2022 and 2023. As Far as the US Dollar Over the last 12 months, its price rose by 5.50 percent. Looking ahead, we forecast Dollar Index to be priced at 106.0575 by the end of this quarter and at 110.8027 in one year, according to Trading Economics global macro models projections and analysts expectations. However with recession fears and DXY being close to a weekly supply/order lock we may see a bearish spike on the dollar soon which will give us the EDGE we need to take this setup.