There is a lot of talk right now about how the flight to safety and the risk adjustment we are experiencing is affecting the USD and how the moves on the commodity currencies are impacting the CAD but there is another North American currency, the Mexican peso, that is looking pretty interesting from a technical perspective. Leaving the news behind and just looking at a few simple horizontal trend lines on the USD/MXN, there should be one thing that just pops out at forex traders; the 11.00 -[...]
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[Source: The Money Blogs]
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