USD/MXN Price Analysis: Jumps to test 20-SMA as Mexican peso losses strength

Mexican peso drops sharply versus the US dollar on risk aversion.
USD/MXN short-term bias starts to point to the upside.

Matías Salord FXStreet

The USD/MXN is rising for the second consecutive day on Monday and reach 21.59, the highest levels since September 9. It is trading at 21.45, slightly below the 20-day moving average that stands at 21.52.

A daily close above 21.65/70 would negate the current short-term bearish bias, favouring a consolidation. The next resistance is seen at 21.80/85 (horizontal level and downtrend line from April high) followed by 22.25.

The Mexican peso needs to hold below 21.40/45 in order to keep the negative pressure under control 21.15/20 is the immediate support level to consider; below another test of 21.00 seems likely.

USD/MXN 4-hour chart

USD/MXN

Overview
Today last price	21.5049
Today Daily Change	0.3673
Today Daily Change %	1.74
Today daily open	21.1376

Trends
Daily SMA20	21.5506
Daily SMA50	22.0019
Daily SMA100	22.3991
Daily SMA200	21.6196

Levels
Previous Daily High	21.146
Previous Daily Low	20.8444
Previous Weekly High	21.2988
Previous Weekly Low	20.8444
Previous Monthly High	22.9106
Previous Monthly Low	21.7322
Daily Fibonacci 38.2%	21.0308
Daily Fibonacci 61.8%	20.9596
Daily Pivot Point S1	20.9393
Daily Pivot Point S2	20.7411
Daily Pivot Point S3	20.6378
Daily Pivot Point R1	21.2409
Daily Pivot Point R2	21.3442
Daily Pivot Point R3	21.5425

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.