USD/MXN is currently reversing higher, sharply from 18.8028 level which can be labeled as wave C of a higher degree flat correction within wave 4). We see interesting resistance and reversal zone around the 19.1400/19.3000 area from where a new bearish reversal can follow.

A later break below the 18.802 level would confirm a completed correction and more weakness.

USD/MXN, 1h