MEXICAN Peso (#USDMXN)- Currency Casualty from USD Strength

Even from the very start of President-elect Donald Trump's campaign, his patriotic thrust on 'Jobs' and companies dealing with Mexico has been in the forefront.

Today's conference has proven to be true. The first major currency casualty that has marked a historical weakness reaching @22.00 Mexican Peso to the USD. The worst 20$ depreciation from 2016 heading to the US election as Donald Trump was closing in to the presidency.

Variable changes seen ahead of the US trading session, where there was a rekindling moment that President-elect Trump would be at it again. And so it did!  However, the overall trend direction has been defined and is now reinforced. As the Forex market are trading within their extended and extreme levels of highs and lows from the USD strength. That is why we do not anticipate a major corrective move on the USD but merely incremental changes correlated with its foreign counterpart.

As of US Session: USDMXN marked @22.00 Psychological Resistance,

expect some price pullback during the forward sessions as a result of a rapid

price reaction from President-elect Donald Trump's Conference