- Mexican peso losses strength in the market but manages to recover from daily losses against US dollar on Tuesday.
- The USD/MXN rose 1.45% from yesterday low to today’s top at 18.99, before pulling back to 18.87. The retreat from the top shows that while the downside currently is limited, the correction has lost momentum. The main trend still points to the downside.
- The pair was reversed below 19.00 and pulled back under 18.90, offering mix signals about the short-term future. The bearish momentum will likely intensify if the pair drops below 18.80 that would clear the way for a test of the critical support seen at 18.70/75.
- On the upside, a consolidation above 18.95 would point to further strength and a daily close above 19.03 (20-day moving average) would signal that a bottom is in place.
USD/MXN Daily Chart
|Today last price||18.8722|
|Today Daily Change||0.0174|
|Today Daily Change %||0.09|
|Today daily open||18.8548|
|Previous Daily High||18.8988|
|Previous Daily Low||18.7448|
|Previous Weekly High||19.1297|
|Previous Weekly Low||18.7473|
|Previous Monthly High||19.6225|
|Previous Monthly Low||18.7464|
|Daily Fibonacci 38.2%||18.84|
|Daily Fibonacci 61.8%||18.8036|
|Daily Pivot Point S1||18.7668|
|Daily Pivot Point S2||18.6788|
|Daily Pivot Point S3||18.6128|
|Daily Pivot Point R1||18.9208|
|Daily Pivot Point R2||18.9868|
|Daily Pivot Point R3||19.0748|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.