US Dollar vs Mexican Peso (USDMXN) update - 11 December 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
USDMXN - in the 20 week cycle trough zone.
We last wrote on USDMXN on 28 November and the view then was that the 80 day cycle peak was in and we were looking for the next 20 week cycle trough around mid December and the 20 level.