US dollar rises against Latin American currencies, including the Mexican peso. USD/MXN points to the upside but needs to hold on top of 19.35. The USD/MXN pair is rising for the second day in a row. It peaked at 19.40 and then pulled back to the 19.35 area. The Mexican peso failed to hold to gains after being affected by the reversal in Wall Street. Equity prices in the US opened in positive ground but turned to the downside, ending the session in negative. The risk aversion tone weighed on the Mexican peso that it was likely also impacted by the decline in Latin American currencies. The debate on the trade agreement between the US, Canada and Mexico is expected to be debated soon at the House of Representatives and it is a risk event for the MXN. Technical outlook The pair is about to post a daily close on top of a downtrend line that should signal more strength ahead but at the same time, it was unable to hold clearly on top of 19.35. If it manages to rise and hold above, it would target the 19.45/50 zone. On the downside, a decline below 19.30 should suggest the US dollar is not ready to resume the rally. Below, the next support is seen at 19.20 that protects the critical support zone of 19.00/05. 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 Cryptocurrencies price prediction: Bitcoin, Ripple & TRON – American Wrap – 19 November FX Street 3 years US dollar rises against Latin American currencies, including the Mexican peso. USD/MXN points to the upside but needs to hold on top of 19.35. The USD/MXN pair is rising for the second day in a row. It peaked at 19.40 and then pulled back to the 19.35 area. The Mexican peso failed to hold to gains after being affected by the reversal in Wall Street. Equity prices in the US opened in positive ground but turned to the downside, ending the session in negative. The risk aversion tone weighed on the Mexican peso that it was likely… 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.
