- Mexican peso gains versus US dollar after three days.
- USD/MXN finds resistance at the 20-day SMA before 19.60.
- Interim support at 19.40, key level at 19.30.
The USD/MXN is falling on Tuesday after rising during three consecutive days, on a quiet session for financial markets. The rebound from monthly lows found resistance near the 19.60 barrier. The pair reversed its course after reaching the 20-day Simple Moving Average.
The ongoing retreat could extend toward the interim support area of 19.40. A break lower would expose the critical 19.25/30 zone that capped the downside last week. Below that area, the next target is seen at 19.00/05 (intermediate resistance at 19.15).
Technical indicators area mixed. Momentum is still moving to the upside but the RISE is starting to turn south. Price holds below key moving averages. A consolidation between 19.30 and 19.60 over the next sessions seems likely.
If the Dollar breaks and holds above 19.60 it would gain strength and could rise to the next barrier at 19.80.
USDMXN daily chart
|Today last price||19.4754|
|Today Daily Change||-0.0707|
|Today Daily Change %||-0.36|
|Today daily open||19.5461|
|Previous Daily High||19.5924|
|Previous Daily Low||19.415|
|Previous Weekly High||19.5733|
|Previous Weekly Low||19.2497|
|Previous Monthly High||20.177|
|Previous Monthly Low||19.785|
|Daily Fibonacci 38.2%||19.5247|
|Daily Fibonacci 61.8%||19.4828|
|Daily Pivot Point S1||19.4433|
|Daily Pivot Point S2||19.3405|
|Daily Pivot Point S3||19.2659|
|Daily Pivot Point R1||19.6206|
|Daily Pivot Point R2||19.6952|
|Daily Pivot Point R3||19.798|
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