- The pair is moving in a range between 19.10 and 19.25 with a slightly bearish bias as price remains below an uptrend line and under the 20-SMA in the 4-hour chart. A break under 19.10 would clear the way for a test of 19.05 and then 19.00.
- On the upside, above 19.25 the US dollar will likely gain momentum. The next resistance is seen at 19.35.
- Pair shows no clear bias in the short-term but outlook seems skewed to the downside as the upside remains capped by the 20-day moving average at 19.25.
USD/MXN 4-hour chart
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