USD/MXN Price Analysis: Price rises above key SMA, could extend to 20.25


  • Mexican peso falls for the second day in a row versus the US dollar.
  • USD/MXN turns bullish in the short-term, next resistance at 20.25.

The USD/MXN is rising again on Thursday, and it climbed to 20.07, the highest level in a week. It is hovering near the top with the bullish tone intact. More gains seem likely while above the 20.05 area.

The next strong resistance is seen around 20.25: horizontal support and the 100-day moving average. A consolidation above should clear the way to more gains, targeting the 20.50 zone.

A slide back under 20.00 would ease the dollar’s momentum, with USD/MXN back at the previous range between 19.75 and 19.95.

The RSI is turning to the upside, rising above 50, suggesting that more gains are likely. Key SMAs are flat now, with the 55-day offering support at 20.00 and the 100-day resistance around 20.25.

USD/MXN daily chart

usdmxn

USD/MXN

Overview
Today last price 20.024
Today Daily Change 0.0809
Today Daily Change % 0.41
Today daily open 19.9431
 
Trends
Daily SMA20 20.037
Daily SMA50 19.998
Daily SMA100 20.2335
Daily SMA200 20.3507
 
Levels
Previous Daily High 19.968
Previous Daily Low 19.7825
Previous Weekly High 20.7138
Previous Weekly Low 19.7056
Previous Monthly High 20.7488
Previous Monthly Low 19.5983
Daily Fibonacci 38.2% 19.8971
Daily Fibonacci 61.8% 19.8534
Daily Pivot Point S1 19.8277
Daily Pivot Point S2 19.7124
Daily Pivot Point S3 19.6422
Daily Pivot Point R1 20.0132
Daily Pivot Point R2 20.0834
Daily Pivot Point R3 20.1987

 

 

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