• CAD/MXN - almost the right level to sell the nafta cross

    Source: FxWire Pro - Technicals / 25 Nov 2014 14:47:37   America/New_York

    • CAD/MXN kissed the +3.0 21-DMA B'band Friday at 12.1613

    • It was an "air-kiss' B'Band 12.1660 and that's the problem

    • This cross can get ornery and price extension a doozy 

    • 7 big figs Oct 15. +3.0 today 12.2010, don't want to chase it

    • Red flag - spot heading for highest close since Aug 7

    • Look to fade c 12.20 

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