USD/MXN suggests Trump lost debate
|The first presidential debate has concluded and the jury is out if one were to believe the slide in the USD/MXN pair.
Mexican Peso has been highly sensitive to Trump’s growing popularity and rightfully so given the Trump’s repeated rant about Mexican immigration.
USD/MXN pair dropped from the high of 19.922 and traded around 19.55 levels at the time of writing. Political experts also suggest Clinton gained an upper hand in today’s debate. However, there are still two more debates to go.
USD/MXN Technical Levels
A breakdown of support at 19.5055 (Sep 22 low) would open doors for a slide to 19.2186 (weekly pivot R1). On the higher side, resistance at 19.6625 (weekly pivot R2) could yield a re-test of the daily high of 19.922.
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 assets. 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 Open Markets 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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.