- The USD/MXN bottomed at 20.15 and then bounced to the upside but remained under 20.40 all day. It was about to end flat on Thursday, offering no strong signals.
- The price corrected lower from the multi-month high it reached on Monday at 20.64. The trend still points to the upside, but technical indicators show no clear signals for the near future.
- Price could start trading on a broader consolidation range between 20.00/05 and 20.50. A break above 20.50 would expose weekly highs and strengthen the bullish case, while under 20.20 (also below the 20-day moving average) would clear the way to an extension of the correction with a potential target at 20.00/05.
USD/MXN Daily Chart
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USD/MXN
Overview:
Today Last Price: 20.2508
Today Daily change: 64 pips
Today Daily Open: 20.2444
Trends:
Previous Daily SMA20: 20.2356
Previous Daily SMA50: 19.5738
Previous Daily SMA100: 19.2368
Previous Daily SMA200: 19.2116
Levels:
Previous Daily High: 20.5197
Previous Daily Low: 20.2023
Previous Weekly High: 20.552
Previous Weekly Low: 20.1112
Previous Monthly High: 20.484
Previous Monthly Low: 18.5
Previous Daily Fibonacci 38.2%: 20.3235
Previous Daily Fibonacci 61.8%: 20.3984
Previous Daily Pivot Point S1: 20.1245
Previous Daily Pivot Point S2: 20.0047
Previous Daily Pivot Point S3: 19.8071
Previous Daily Pivot Point R1: 20.4419
Previous Daily Pivot Point R2: 20.6395
Previous Daily Pivot Point R3: 20.7594
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