SHORT USD/MXN 3 Months on Dollar Weakness-- CARRY TRADE POSITIVE
Will be holding this for the next 3 months. Looking to cash in on Mexican Interset Rate at 7% vs Dollar Decline overall. Weak Dollar Seen due to Inflation, overall underperforming GDP growth and Oil Deflation. As we see a good amount of Price action for the downside as well as Moving Average's in accordance. Technical Levels are merley for point of reference. Overal Trend Coninutation expected. Risk Reward at around 1:1.5. Not ideal but Would like to take advantage of carry.