USD/MXN Technical Analysis: Dollar’s rebound faces resistance at the critical 19.25/30

The rally of the Mexican peso following Trump’s announcement two weeks ago of no tariffs to Mexican imports ended at a strong support level and a significant retreat took place afterwards.
Now USD/MXN is offering no clear signals as it trades again, near a critical resistance area but remains below, holding under relevant short-term moving averages.

Matías Salord FXStreet

In the very near term, the USD/MXN holds a bullish tone but it remains below the 19.30 critical level. A breakout above could trigger stops, boosting further the US Dollar. The target could be seen at 19.45.
On the flips side, the outlook for the Mexican peso will improve if it remains under 19.30. A decline back below 19.00, would expose the 18.90 support that protects the YTD low reached back in April around 18.75.

USD/MXN Daily Chart

USD/MXN

Overview
Today last price	19.2239
Today Daily Change	0.0201
Today Daily Change %	0.10
Today daily open	19.2038

Trends
Daily SMA20	19.2914
Daily SMA50	19.1246
Daily SMA100	19.1471
Daily SMA200	19.3645

Levels
Previous Daily High	19.22
Previous Daily Low	19.078
Previous Weekly High	19.2139
Previous Weekly Low	18.8932
Previous Monthly High	19.8284
Previous Monthly Low	18.7907
Daily Fibonacci 38.2%	19.1658
Daily Fibonacci 61.8%	19.1322
Daily Pivot Point S1	19.1145
Daily Pivot Point S2	19.0252
Daily Pivot Point S3	18.9725
Daily Pivot Point R1	19.2565
Daily Pivot Point R2	19.3093
Daily Pivot Point R3	19.3986

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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