Forex technical analysis: USDMXN moving higher after NAFTA rumblings

Been moving lower, but not since the double bottom on Monday
The USDMXN is getting boost after Politico reports the US is mulling a full backing out of NAFTA and renegotiation.  Already yesterday, the Trump administration went after Canada on lumber, and dairy products. Clearly the President thinks NAFTA is a "disaster", and it remains on his immediate radar.

Tags: