We talked about USDMXN on May 20, we also shared an article, where we mentioned and highlighted an ongoing consolidation within a larger bearish running triangle pattern. CLICK HERE
As you can see today, USDMXN stops at the lower side of a range as expected and it can be now making final wave E of a bearish running triangle within higher degree wave (IV). Once wave E of (IV) is fully complete, watch out for a bearish resumption within higher degree wave (V).
![USDMXN Is Finishing A Bearish Running Triangle USDMXN Daily Chart](https://cdn1.wavetraders.com/wp-content/uploads/2024/05/USDMXNd.png)
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