Hey!!!! What do you mean crush the bull? Why is everybody always picking on me I am going to need to start charting this pair.... Good luck with your wealth building. --bull [17:42 USD/MXN: Failure Into Friday"s Highs Sends Longs to Exits] New York, August 28. Failures o/n and again during the US morning to bid USD/MXN prices beyond Friday"s high of 10.979 triggered a rush to get out of long trades today, despite a fairly steady performance by the dollar elsewhere during the NY morning. Also disregarded was a sharp drop in oil prices and lingering concerns that the slowdown in the US economic expansion will eventually hurt Mexican exports and the peso. There is also the Mexican electoral court session now underway to determine the winner of the July 2 presidential race and the US employment report at week"s end for the USD/MXN market to ponder. But behind all of that are interest rates spreads that continue to favor the peso as long as the Mexican economic and financial fundamentals are seen holding up reasonably well. With the Fed likely at the end of its tightening cycle and the BoM at the bottom of their easing cycle, there is some reason to expect current spreads to remain essentially intact for a while. Momentum funds were reportedly selling at 10.940, with prices thus far falling to 10.867. We are keeping an eye on the 200-day MA at 10.863 for support, particularly on a daily closing basis. Recent daily uptrend line support is at 10.848 today. Daily studies are beginning to roll over to sells from slightly below overbought readings, so there is scope for a retest of the August 16 trend low of 10.733.