Forex / Currencies
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.
Since December, the peso has moved sideways to reverse on the short-term. We see that it may retest the area of 42.70. It certainly has the momentum and the moving average is slowly turning bullish (for the USD). The MACD has flattened out but it looks like it’s ready to move higher too.
Looks like the tough times are going to last longer than we thought. 
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