Does / has anybody traded the USD/MXN (USD / Mexican Peso) pair?
I had a look at the daily and weekly charts for this pair yesterday (while I was waiting for the Gold rush) and I noticed that this pair trades within a range and has done so for months regular as clockwork.
From what I see in the graphs this pair would be ideal to either range trade or open a hedging position at the average middle of the range price - and from what I gather every second day or so you would make either on the high or the low.
Any input?
Regards,
Dale.