USDMXN PESO OVERSOLD

6 בדצמ׳ 2016

PESO Has been oversold in time because of internal debt factors but must of all, Brexit, Trump Rhetoric, and is way oversold. Trump has an anti-Mexico view nevertheless, Mexico is a country that provides much of US based companies flows. So real competition must be viewed as blocks. European and Asian blocks are the real competition for the US, so inflows will come back to the heavily shorted Peso.

MXN could rebound with long term target @ 17