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BofA Merrill Lynch:
Further corrective weakness in US equities / risk assets could be the catalyst to break USDMXN from its 2.5 month range trade.
While the range can persist for another week or two, we believe the pair is about to breakout and resume its long term uptrend.
A sustained break of Triangle resistance (now 15.5502) confirms, targeting 16.2060.
