FXMarketAlerts Team
FXMarketAlerts
Published at 10:30 (GMT) 22 Dec
10::30 GMT - USD/MXN did not close above 14.67 on Fri and as long as there is no close above that 1st key resistance this week, we stay with the S/T downside back to 14.37 and lower. In the event that the mkt does close above 14.67, we will have to rethink the the S/T view, but that would not necessarily suggest that the mkt is heading back up to 15.00. R.Z
R5: 15 ** figure
R4: 14.94 * 12 Dec high
R3: 14.867 16 Dec high
R2: 14.71 19 Dec high
R1: 14.67 * 16 Dec low
S1: 14.37 * 17 Dec low
S2: 14.3 projection
S3: 14.166 * 04 Dec high
S4: 13.957 * 28 Nov high
S5: 13.862 * 50-day MA
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