Analysts at Commerzbank, see the USD/MXN falling towards the August low at 18.4052, below which beckons the April low at 17.93. Key Quotes: “USD/MXN’s slide towards the 18.4487/18.3090 support zone is ongoing. It is made up of the November low and the January and February 2017 as well as the August 2018 troughs. This area is likely to soon give way with the April low at 17.9399 then being in sight. Around it some stabilization is likely to kick in.” “The 2016-18 support line at 17.8359 would be eyed and then the July, August and September 2017 lows at 17.6095/17.4465.” “Resistance can be seen between the 55- and 200-day moving averages and the late September high at 18.8867/19.0570. While trading below this area, immediate downside pressure should be maintained. Further resistance can be spotted at the 19.1681 mid-July high and also at the 19.3747 August peak as well as at the September peak at 19.6855.” 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 USD/JPY: 161.8% fibo traded, pullback on the cards, (to 23.6%, 32.8%, 50% fibs), or extension to 114.31 first? FX Street 4 years Analysts at Commerzbank, see the USD/MXN falling towards the August low at 18.4052, below which beckons the April low at 17.93. Key Quotes: "USD/MXN's slide towards the 18.4487/18.3090 support zone is ongoing. It is made up of the November low and the January and February 2017 as well as the August 2018 troughs. This area is likely to soon give way with the April low at 17.9399 then being in sight. Around it some stabilization is likely to kick in." "The 2016-18 support line at 17.8359 would be eyed and then the July, August and September 2017 lows at… 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.
