MERVAL 1D USDIMV/(GGAL/GGAL*10)BCBA_DLY:IMV/(BCBA_DLY:GGAL/BATS:GGAL*10)M-PDLMerval index in USD chart. We can see that wave C of the major correction—stemming from the move that started in September 2025—is still unfolding. We should see a reaction between 1,500 USD and 1,700 USD, with the potential to fill the gap.