FxWirePro Call Review: Maintain short positions in Mexican Peso against USD; interim target added

In April this year, in an article named, “FxWirePro: Sell Mexican Peso against USD targeting 22 per dollar”, available at https://www.econotimes.com/FxWirePro-Sell-Mexican-Peso-against-USD-targeting-22-per-dollar-1273958 we urged readers to go short on Mexican peso against the USD targeting 22 per dollar (likely to see extension) at the then current rate of 19 per USD, as we believed that,

• The long correction in Peso, which began in January 2017 is over.
• The rising interest rates in the U.S. would spark trouble for Mexico.
• The NAFTA agreement is at serious risk as Trump has so far proved to be a man who keeps his promise.

Since that call, the peso has further weakened and is currently trading at 19.626 per USD. We would like to urge our readers to maintain the short positions and in this review, we would like to add an interim target around 21.2 per USD area.