Good day traders.
USDMXN is trading in a clear bearish impulse, with recent bullish reversal being part of wave 4). This wave 4) can look for resistance near the Fibonacci ratio of 38.2 and 50.0 and near former swing high of one minor degree wave four and there make a new drop lower.
USDMXN, 1H
NZDUSD is recovering, now seen in wave 5 of A) which is approaching the upper line of an EW channel and some Fib. resistance level that can limit current bullish leg. We know that after every five waves market turns, so traders should be prepared on a three wave set-back, lower into wave B).
NZDUSD, 1H
