Costa Rica economy follow up: #USDCRC keeps falling down

Last time I made a post about #USDCRC where I charted #USDCRC trading pair in trading view, at that time it was trading around 584 CRC a USD which seemed to be very odd and moving within a descending wedge which could potentially be a long term position. Today I'm doing a follow up which seems to be just a continuation of the move which is still going on. It is following the wedge and it just slightly breaking towards the support line which will mean that it will fall down even more. There are 2 weekly levels to go for the next big monthly support. The weekly levels that this move or the break of it will try to test and break are the 575, 568 and heading towards the monthly support level of 562.
More than a possible trade this seems to be somehow an indicator of an economic meltdown. Economy is in bad shape,tax reform has been approved and it is now being used, last year strike is over but the protests have just resumed as other sectors are now striking against how things are moving here in Costa Rica. The slowdown is affecting many different sectors of the economy specially tourism. The change in the currency pair means that USD are able to buy less which directly affects how much activities tourists can do with the same amount of USD, on the other hand Costa Rica is a very expensive country to travel and live and the relation of less colones to a USD should be a good sign in a healthy economy but so far I see that as a government pressure to move forward the Euro bonds (which will bring more money to the government but with external debt, a bad economy signal).
In terms of my personal finances,earning in USD has proven to be a solid strategy for long term stability but with the recent slowdown I have seen how 5% of my income has been taken away just because of the trading pair, but it also opens up space for a possible USD accumulation phase and then hopefully exchange/sell or use the money once it has recover. I can also try to buy some USD while it is cheap with my wife income and pay her back later on. I think it was smart to have land and house loans separate in currency as the effect on one going up or down is mitigated with the other loan.

If you would like to check my last post about the #USDCRC trading pair where I also made a trading view post that you can use for reference.

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