USDMXN is moving slightly higher at the moment, but in three waves from 20.2900 so pair is most-likely making only a temporary corrective recovery. We are looking for a zigzag up in wave 2 that may find a resistance near 20.3500-20.4000 area in the next few sessions, from where we may see a strong turn down, while pair is below 20.4900 invalidation level.
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