USD/MXN Technical Analysis: Consolidation at higher levels, still bullish but limited by 19.50

  • The Mexican peso was among the worst performers over the week, but USD/MXN held below the 19.45/50 strong support area. 
  • Volatility increase over the last few days, after breaking the strong resistance at 19.20, now support. 
  • Over the next days, a consolidation between 19.20 and 19.45 seems likely. So far there are no strong signals that the rally of the US dollar ended. A firm break above 19.50 would point to more gains ahead. 
  • On the downside, under 19.20 the pair is likely to test an ascendant trendline at 19.05/08. A break lower will likely point to a test of January lows at 18.85/87.

USD/MXN Daily chart 



    Today Last Price: 19.2702
    Today Daily change: 0.0125 pips
    Today Daily change %: 0.06%
    Today Daily Open: 19.2577
    Daily SMA20: 19.1247
    Daily SMA50: 19.4618
    Daily SMA100: 19.6086
    Daily SMA200: 19.4767
    Previous Daily High: 19.4726
    Previous Daily Low: 19.2503
    Previous Weekly High: 19.1863
    Previous Weekly Low: 19.0168
    Previous Monthly High: 19.721
    Previous Monthly Low: 18.8767
    Daily Fibonacci 38.2%: 19.3352
    Daily Fibonacci 61.8%: 19.3877
    Daily Pivot Point S1: 19.1811
    Daily Pivot Point S2: 19.1045
    Daily Pivot Point S3: 18.9588
    Daily Pivot Point R1: 19.4035
    Daily Pivot Point R2: 19.5492
    Daily Pivot Point R3: 19.6258


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