• Mexican peso holds onto recent gains versus the US dollar.
  • USD/MXN consolidating with a bearish bias, more downside under 21.30.
  • The primary trend remains bullish, next strong support at 20.90.

The USD/MXN is falling again on Monday but it remains above the 21.00 zone, but is under the 21.30 relevant technical support. It is hovering around 21.20, so another test at 21.15 should not be ruled out for the coming sessions.

A slide under 21.15 would expose two strong support levels: 21.05 and 20.90 that are likely to hold, favoring a rebound to 21.30. A close under 20.90 would be a positive technical development for the Mexican peso that could drop further to test the uptrend line at 20.50.

On the upside, a firm recovery above 21.45 would alleviate the negative pressure. No signs of a resumption of the primary uptrend are seen at the moment. The USD/MXN continues to from a consolidation range likely between 21.15 and 21.65. A break above 21.70, would expose the 22.00 zone.

USD/MXN daily chart

usdmxn

USD/MXN

Overview
Today last price 21.1812
Today Daily Change -0.0895
Today Daily Change % -0.42
Today daily open 21.2707
 
Trends
Daily SMA20 21.0192
Daily SMA50 20.6907
Daily SMA100 20.3602
Daily SMA200 20.2693
 
Levels
Previous Daily High 21.4925
Previous Daily Low 21.1627
Previous Weekly High 21.9945
Previous Weekly Low 21.1175
Previous Monthly High 22.1557
Previous Monthly Low 20.2514
Daily Fibonacci 38.2% 21.2887
Daily Fibonacci 61.8% 21.3665
Daily Pivot Point S1 21.1248
Daily Pivot Point S2 20.9788
Daily Pivot Point S3 20.795
Daily Pivot Point R1 21.4546
Daily Pivot Point R2 21.6384
Daily Pivot Point R3 21.7844

 

 

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