Mexico

I’ve sent two charts which should be viewed for overall risk bias.

The Peso has just reached it’s 200 day mvg avg (natural resistance) as the EWW is attempting an ORH daily pattern.

If you believe a currency leads it’s Equity market then you should be very cautious buying strength in Mexico until it proves itself.

140327_091858_CQG_IC_Chart_IUSDMXN_-_Mexico_(Peso)_Index_Daily

140327_091913_CQG_IC_Chart_S_EWW_-_iShares_MSCI_Mexico_Capped_ETF_Daily

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