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

USDMXN

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

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS