In a classic case of role reversal, the index this week came from a low of 2289 to retest the level of 2404 that acted as a resistance. It gapped up after testing the resistance so we already presumed that the 2404 would now act as a level of support after staying above that area for a few days
Peso Weekly Outlook
For May 5 - 11
What’s driving the peso to go back to higher levels? Macroeconomic news, that’s what. But let’s not dwell on that. Let’s just concentrate on its movement.
