USD/MXN cracks range base, risks a move toward 18.60/18.15 – Société Générale
USD/MXN has broken decisively below its multi-month range base near 19.85/20.00, confirming a rounding top and exposing the pair to deeper downside. Prices are now approaching a key support trend line near 19.00/18.90—failure to hold here risks acceleration toward 18.60 and even 18.15. A short-term bounce is possible but likely capped at 19.44, Société Générale’s … Read more