Good day traders!

USD/MXN is trading in a temporary correction as part of a bigger bullish cycle. We are talking about corrective wave 2, that is now unfolding its sub-wave B), which looks to be an Elliott wave triangle correction. Well, a few legs are still missing within this triangle, which means we may still wait a while, before wave C) of two shows up. However later, when wave C) do shows up, some support can be touched at the 18.8679 level, which could push the pair higher.

USD/MXN, 1h