- USD/MXN continues to move sideways around 22.50, without clear direction.
- Mexican President AMLO is at the White House with US President Trump.
On Tuesday, USD/MX rallied to 22.90 that capped the upside. The mentioned level continues to be a critical level that if broken should lead to more gains, targeting 23.10.
Technical indicators are mixed with RSI turning south but price still above key moving averages in the 4-hour chart. Overall, USD/MXN continues to move sideways unable to move away from 22.50. The 55-day moving average at 23.00 is another critical area.
On the flip side 22.60 is the strong immediante support and a slide below would suggest more strength for the Mexican peso. If the decline continues 22.10/20 should offer support, favoring a rebound back to 22.50.
USD/MXN 4-hour chart
|Today last price||22.7764|
|Today Daily Change||-0.0841|
|Today Daily Change %||-0.37|
|Today daily open||22.8605|
|Previous Daily High||22.8765|
|Previous Daily Low||22.2549|
|Previous Weekly High||23.2298|
|Previous Weekly Low||22.3794|
|Previous Monthly High||23.2298|
|Previous Monthly Low||21.4609|
|Daily Fibonacci 38.2%||22.639|
|Daily Fibonacci 61.8%||22.4923|
|Daily Pivot Point S1||22.4514|
|Daily Pivot Point S2||22.0424|
|Daily Pivot Point S3||21.8298|
|Daily Pivot Point R1||23.073|
|Daily Pivot Point R2||23.2856|
|Daily Pivot Point R3||23.6946|
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