Hello everyone, I'm a fledgling trader and this is my first thought/idea share in here.
Right now I believe that the Mexican peso is going lower as the current political state of Mexico takes away some of the FUD as the new president-elect has been talking about developing the country's international relations and putting a somewhat stop on some of the radicalism that he preached before.
If we change to the by week chart we can see that the peso may stay oscillating between 18.18 and 19.17 as it would reflect the actual Mexican economy state instead of some of the FUD surrounding the country.