Chart USD/MXN Update: Still looking poised to target up to the 50-day MA at 12.965

Published at 08:45 (GMT) 23 Oct


08::45 GMT - USD/MXN is keeping the upside pressure focused on 12.901 for now as the S&P futures break lower. The pattern setup is still a range for now, but does allow for a break through 12.901 soon toward the 50-day MA at 12.965 today. Only a NY close above the 50-day MA would be viewed as a more solid bullish signal. R.Z 

R5: 12.965 * 50-day MA
R4: 12.92 break level
R3: 12.91 22 Oct high
R2: 12.901 15 Oct high
R1: 12.89 19 Oct high
S1: 12.827 19 Oct low
S2: 12.764 09 Oct low
S3: 12.761 16 Oct low
S4: 12.724 * 04 Oct low
S5: 12.653 * 05 Oct low

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