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



    Today Last Price: 19.2444
    Today Daily change: -0.0120 pips
    Today Daily change %: -0.06%
    Today Daily Open: 19.2564
    Daily SMA20: 19.133
    Daily SMA50: 19.4409
    Daily SMA100: 19.614
    Daily SMA200: 19.4759
    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


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