FXMarketAlerts Team
FXMarketAlerts
Published at 09:31 (GMT) 14 Apr
09::30 GMT - USD/MXN fresh bounce early today could still run into trouble once again near the 100-day MA resistance at 13.154. As long as that level caps the upside for now, it will be very difficult to make the case that a S/T bottom is in place. Only a solid close above the 100-day MA would bode well for a bottom. Support at 13.049/00 for now. R.Z
R5: 13.322 * 20 Mar high
R4: 13.235 * break level
R3: 13.194 * 50-day MA
R2: 13.175 break level
R1: 13.154 * 100-day MA
S1: 13.049 200-day MA
S2: 13 figure
S3: 12.963 10 Apr low
S4: 12.937 * 08 Apr low
S5: 12.798 * 09 Dec low
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