USD/MXN Technical Analysis: Pressure eases but risks remains tilted to the upside

  • The USD/MXN surged on Monday to the highest level since December. It then pulled back trimming weekly gains. The slide back under 19.75 remove some of the bullish pressure in the short-term. 
  • The main trend points to the upside and if it rises back above 19.80, a test of the monthly high and to the 20.00 area seems likely. Above the next key resistance is downtrend line from 2017 that stands at 20.10. 
  • If the pair manages to clearly drop below 19.50 it would alleviate peso’s weakens. Below that level USD/MXN could slide to 19.30, a critical support that should favor a rebound. As long as USD/MXN holds above 19.30, the bias would point to the upside. 



Today last price 19.7085
Today Daily Change -0.0584
Today Daily Change % -0.30
Today daily open 19.7669
Daily SMA20 19.4072
Daily SMA50 19.218
Daily SMA100 19.1557
Daily SMA200 19.3462
Previous Daily High 19.8895
Previous Daily Low 19.7208
Previous Weekly High 19.7764
Previous Weekly Low 19.3539
Previous Monthly High 19.3628
Previous Monthly Low 18.8643
Daily Fibonacci 38.2% 19.7853
Daily Fibonacci 61.8% 19.8251
Daily Pivot Point S1 19.6953
Daily Pivot Point S2 19.6237
Daily Pivot Point S3 19.5266
Daily Pivot Point R1 19.864
Daily Pivot Point R2 19.9611
Daily Pivot Point R3 20.0327



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