Mexican peso turns negative despite Wall Street gains. USD/MXN up for the sixth time out of the last seven trading days. The USD/MXN turned to the upside after the beginning of the American session and climbed to 22.64 hitting a fresh daily high. It remains near the daily high and also slightly below the one-month high it reached last week at 22.70. From a technical perspective, the USD/MXN strengthened after rising back above 22.50. The bias continues to point to the upside and a break above 22.70 would expose 22.95. On the downside, 22.30 is again a support level to watch followed by the 50-day moving average at 21.95. The US dollar is posting mixed results. It is mostly lower versus G10 currencies. The worst performer is the Turkish lira that fell to new all-time lows. The Russian ruble is also under pressure. Over the last five trading days, the USD/MXN gained 4.35%, one of the biggest gainers across the globe. Precaution continues to drive investors in emerging markets. In Wall Street, main indexes are rising by more than 1.25%. On Tuesday, the first US presidential debate between Trump and Biden will take place. The Mexican peso is exposed to US politics. Technical levels 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/CHF: Swiss franc to weaken versus euro over the medium-term – Wells Fargo FX Street 2 years Mexican peso turns negative despite Wall Street gains. USD/MXN up for the sixth time out of the last seven trading days. The USD/MXN turned to the upside after the beginning of the American session and climbed to 22.64 hitting a fresh daily high. It remains near the daily high and also slightly below the one-month high it reached last week at 22.70. From a technical perspective, the USD/MXN strengthened after rising back above 22.50. The bias continues to point to the upside and a break above 22.70 would expose 22.95. On the downside, 22.30 is again a support level to… 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.
