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  • USD/MXN is having one of the biggest and fastest rally ever recorded. 
  • USD/MXN is challenging the 24.00 level.
 

USD/MXN daily chart

 

USD/MXN is on fire as investors are hoarding USD across the board. The spot is trading well above the main SMAs suggesting a bullish bias in the long term. The bulls would want to break above the 24.00 resistance in order to continue the advance towards the 24.50 and 25.00 price levels. On the other hand, support can be expected near 23.50, 23.00 and 22.50 levels. 
 

Additional key levels