Analysts at Commerzbank, point out USD/MXN remains side-lined above the August low at 18.4052 below which, attention could turn to the April low at 17.9399 Key Quotes: “USD/MXN’s slide towards the 18.4487/18.3090 support zone, made up of the November low and the January and February 2017 as well as the August 2018 troughs, has so far taken it to its current October low at 18.5017 before recovering. Further range trading above the 18.5017/18.3090 area but below the August and current October highs at 19.1994/3747 is expected to be seen this week.” “While remaining below the 19.6855 September high the 18.5017/18.3090 area is likely to eventually give way with the April low at 17.9399 then being in sight. Around it some stabilisation is likely to be seen. If not, the 2016-18 support line at 17.8421 would be eyed and then the July, August and September 2017 lows at 17.6095/17.4465.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY falls to fresh 4-week lows below 130 as risk-aversion dominates markets FX Street 4 years Analysts at Commerzbank, point out USD/MXN remains side-lined above the August low at 18.4052 below which, attention could turn to the April low at 17.9399 Key Quotes: "USD/MXN's slide towards the 18.4487/18.3090 support zone, made up of the November low and the January and February 2017 as well as the August 2018 troughs, has so far taken it to its current October low at 18.5017 before recovering. Further range trading above the 18.5017/18.3090 area but below the August and current October highs at 19.1994/3747 is expected to be seen this week." "While remaining below the 19.6855 September high the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
