• Mexican peso flat on Monday versus US dollar after falling during seven days in a row.
  • USD/MXN far from 22.00, above 21.60.
  • Technical indicators turn south from overbought readings.

The USD/MXN is trading marginally lower on Monday, on what could be the end of a seven-day positive streak. Last week, the Mexican peso tumbled on domestic and international developments, with the cross reaching the highest intraday level at 22.15.

It pulled back under 22.00, finding support around 21.65. The main trend and the bias point to the upside. In the short-term technical indicators favor some consolidation ahead, as RSI and Momentum are turning south from overbought levels.

A retreat is seen finding support initially at 21.65 and below at 21.50. If price drops under 21.50, it could alleviate the bullish pressure. Below, the next strong support is located around 21.00.

On the upside, if USD/MXN rises above 21.90, it could likely rise further to test 22.00. The next medium-term resistance area is 22.20 that should hold, at least at the first attempt. A firm break higher, would clear the way to more gains, triggering more volatility.

USD/MXN daily chart



Today last price 21.7592
Today Daily Change -0.1835
Today Daily Change % -0.84
Today daily open 21.9427
Daily SMA20 20.8158
Daily SMA50 20.5571
Daily SMA100 20.2851
Daily SMA200 20.2514
Previous Daily High 22.1557
Previous Daily Low 21.5292
Previous Weekly High 22.1557
Previous Weekly Low 20.7845
Previous Monthly High 20.9034
Previous Monthly Low 20.1193
Daily Fibonacci 38.2% 21.9164
Daily Fibonacci 61.8% 21.7685
Daily Pivot Point S1 21.596
Daily Pivot Point S2 21.2493
Daily Pivot Point S3 20.9695
Daily Pivot Point R1 22.2225
Daily Pivot Point R2 22.5024
Daily Pivot Point R3 22.8491



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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD holds steady below 1.0200 ahead of EU Sentix

EUR/USD holds steady below 1.0200 ahead of EU Sentix

EUR/USD is treading water below 1.0200 in early Europe. Moody’s cut Italy’s credit rating amid political jitters, Investors assess the US NFP-led big Fed rate hike bets. US-China tensions over Taiwan underpin the US dollar’s safe-haven demand. EU Sentix awaited. 


GBP/USD advances towards 1.2100 amid cautious optimism

GBP/USD advances towards 1.2100 amid cautious optimism

GBP/USD is edging higher towards 1.2100, underpinned by a steady US dollar amid a cautiously optimistic market mood. Bumper US NFP data ramped up aggressive Fed tightening expectations. UK political woes and a dovish BOE rate hike could cap the pound's upside. 


Gold could challenge $1,750, with big Fed rate hike bets back in play

Gold could challenge $1,750, with big Fed rate hike bets back in play

Gold price rejection at $1,795 recalls sellers, with eyes on $1,750 support again. US NFP blowout jacks up 75 bps Sept Fed rate hike bets to around 70%. The US dollar is likely to remain underpinned at the start of the inflation week.

Gold News

If Tezos price clears this significant hurdle, XTZ holders are in for a treat

If Tezos price clears this significant hurdle, XTZ holders are in for a treat

Tezos price shows a steady grind toward its forecasted target. This development comes after a successful breakout from a bullish pattern. 

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!