Looking ahead to next week, there's a scarcity of financial drivers for your Mexican market as the sole data published will be retail sales for the month of April on Wednesday. I suspect that USD/MXN will continue to be set by movements in america Dollar, which seems slightly overstretched and could be coming off in the upcoming few days.

A key focus going forward will be central bank behaviour, with focus on fiscal policy changes and talks about tapering strength purchases. Together with the Fed pretty determined on not changing much until 2023, we might observe the Mexican Central Bank (Banxico) take action ahead, which would make it possible for the Peso to regain some footing against the US Dollar.

USD/MXN LEVELS
The Daily chart is sowing strong overbought conditions on the stochastic oscillator and MACD so we can observe some corrective selling in the upcoming few days. Thursday's bullish momentum has been rejected at 20.62, a place where cost pressure was strong back in March, so we may see further resistance along this region when USD/MXN manages to consolidate above 20.50. If so, there aren't many levels of reference until 20.94, so we can observe a renewed bullish break heading into this week.