Monday 12 March 2012

USD/MXN: It's Goin' Down

Made a good call this morning with the USD/MXN exchange, where I believed that the price was going to bounce off a support area (purple line):


Now it's heading downward:


Well, downward enough to give me a profit (+285).
Although it is going down right now I would not count on it staying like that for very long. It is still in a small uptrend, and I wouldn't make any moves for long term downward prices.