US Dollar vs Mexican Peso (USDMXN) update - 28 November 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 - the 80 day cycle peak looks to be in place.
We last wrote on USDMXN on 10 October looking for a price extension above 20 for a 40 day cycle peak. Price achieved the target at the end of last month and since then has been through a correction and pushed higher. We believe that the 80 day cycle peak is now in place.
