Mexican Peso soars to eight-day high after FBI clears Clinton

Mexico’s Peso rose to an eight-day high of 18.556 per dollar after the FBI announced there is no criminality in Clinton emails. 

USD/MXN, also known as the trump Thermometer, is down for the third straight session, suggesting decreased odds of Trump victory. The pair had clocked a high of 19.5475 on November 3. 

The currency pair was last seen trading around 18.6556. 

Technical Levels

A break above 18.6937 (Oct 28 low) would open doors for a revisit to 18.8294 (38.2% of Apr 29 low - Sep 27 high). On the lower side, a breach of 18.556 (rising trend line support) would expose 18.4897 (50% of Apr 29 low - Sep 27 high).