Currently, USD/MXN is trading at 18.8903, down -2.02% on the day, having posted a daily high at 19.0760 and low at 18.7900
USD/MXN took a beating after Trumps alfa-male boasting and feminist blunder that was caught on tape and a recording from over a decade ago that has outraged observers and even some of his own party that are abandoning just a month away from the elections scheduled for Tuesday, November 8th. As a result of this, MXN is much stronger than it was on Friday as markets get behind the notion that Clinton will win this campaign which is an obvious plus for not just the U.S. dollar, but for the Mexican peso too considering Trumps standing on relations with Mexico.
With spot trading at 18.8929, we can see next resistance ahead at 18.9759 (Hourly 20 EMA), 18.9830 (Daily Open), 18.9862 (Daily Classic S3), 19.0177 (Weekly Classic S2) and 19.0760 (Daily High). Support below can be found at 18.8816 (Weekly Classic S3), 18.8139 (Monthly Low), 18.7900 (Daily Low), 18.7403 (Daily 100 SMA) and 18.3311 (Daily 200 SMA).
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.