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Elliott WAVE Analysis: USDMXN Ideally Trading Higher

Long
U.S. Dollar / Mexican Peso (FX:USDMXN)  
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FX:USDMXN   U.S. Dollar / Mexican Peso
USDMXN Elliott Wave correction impulsive
10
0
usdmxn elliottwaves correction impulsive
USDMXN is trading quite nicely, ideally completing the correction in wave 4 at the 0.5 mark of the Fibonacci ratio, which usually serves as an support and a turning point higher. This makes us think, that wave 5 could now be already underway to new intraday highs.

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