USD/MXN Technical Analysis: Dollar holds above 19.20 and could test again 19.45

  • The Mexican peso failed today to break the 19.20 support area. USD/MXN bottomed at 19.19 and turned to the upside. 
  • It is moving in a new higher range between 19.20 and 19.45, with a bullish bias as price holds above the 20-day moving average. The US dollar needs to break and hold on top of 19.45 to clear the way to more gains, targeting 19.60. 
  • On the flip side, the critical short-term support is seen at 19.20, below the pair is likely to test the uptrend line and the mentioned trends lines. A close below 19.05 would point to more losses. 
  • Overall, the bias points to the upside while above 19.20, but the greenback is losing strength.

USD/MXN Daily Chart

USD/MXN

USD/MXN

Overview:
    Today Last Price: 19.2444
    Today Daily change: -0.0120 pips
    Today Daily change %: -0.06%
    Today Daily Open: 19.2564
Trends:
    Daily SMA20: 19.133
    Daily SMA50: 19.4409
    Daily SMA100: 19.614
    Daily SMA200: 19.4759
Levels:
    Previous Daily High: 19.4178
    Previous Daily Low: 19.2147
    Previous Weekly High: 19.4726
    Previous Weekly Low: 19.0612
    Previous Monthly High: 19.721
    Previous Monthly Low: 18.8767
    Daily Fibonacci 38.2%: 19.2923
    Daily Fibonacci 61.8%: 19.3402
    Daily Pivot Point S1: 19.1748
    Daily Pivot Point S2: 19.0932
    Daily Pivot Point S3: 18.9717
    Daily Pivot Point R1: 19.3779
    Daily Pivot Point R2: 19.4995
    Daily Pivot Point R3: 19.5811

 

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.