GOOGL -6.13%  did successfully break out of its one-month range prior to today's earnings last Friday, and while the broader market remains within near-term consolidation since last month, overall GOOGL looks attractive technically. The stock has pulled back intra-day after having pushed up above 206.65, but my thoughts are that any short-term pullback post earnings would prove temporary and not cause much damage to this bullish structure. Pullbacks might reach $196-$198 at a maximum, which would make GOOGL quite attractive technically following this recent breakout. While it's right to be bullish on GOOGL given this structural progress for a 3-5 month period or longer, the near-term pullback intra-day into earnings might still result in some choppiness near-term before this can follow-through higher. Keep in mind that the peak late last year occurred near a 100% alternative projection of the rally from Sept into Nov, measured from late Nov. A similar projection to this latest 11/21-12/17 rally has targets near 222.50 which is an intermediate-term technical target for GOOGL

Both Mexican Peso and also Canadian Dollar rallied sharply yesterday following the announcement that Tariffs would be postponed for a month, and following early selloffs, both rallied back into their pre-existing ranges. USDMXN shown here, had been rallying since last Spring as Trump's lead began to grow, but largely began trading sideways after the Election, awaiting announcements and/or concessions. My thinking is that yesterday's reversal was a short-term important development, and likely keeps the further decline of Mexican Peso at bay for now, until further details are know. The large Reversal happened right near a key 50% retracement level of the prior decline from 2020 into 2024 but also coincided with a TD Combo sell signal which was confirmed on the large bearish engulfing pattern. Overall i do not expect too much of a rally in the weeks ahead, but do think that 20 is possible from the current 20.47. Thereafter, news of tariffs might coincide with a push back to new monthly lows for the Peso (highs for USD/MXN) which might reach 22 which is also a important level, representing both a 61.8% Fibonacci retracement level along with prior peaks from late November 2021. So the key takeaway is that the decline in the Peso has stopped for now and minor gains might be likely, but eventually i see a further decline and Peso might reach 22 to the US Dollar.

Weekly USDMXN charts show why the area near 21 was important yesterday and why 22 is also important in the event that the Peso decline starts to begin again after more details are announced about tariffs starting up next month.