Mexican peso supported by risk appetite and by technicals. USD/MXN attempts to recover back above 22.00, momentum still negative. The USD/MXN is falling for the second day in a row. It bottomed at 21.79, the lowest level in a week and then rebounded. It was trading slightly below the 22.00 level and around the 50-day moving average. A daily close clearly under 21.90 would suggest more losses ahead. On the downside, under 21.90, the next strong support is seen at 21.50 that should limit losses and favor a rebound if reached over the next sessions. The US dollar needs to hold above 22.00 to alleviate the negative bias. If it climbs above 22.20 the dollar would likely strengthen. To open the doors to more gains, USD/MXN needs to consolidate above 22.50. USD/MXN daily chart 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 Breaking: BitMEX accused of attempting to evade U.S. regulations according to CFTC charges FX Street 2 years Mexican peso supported by risk appetite and by technicals. USD/MXN attempts to recover back above 22.00, momentum still negative. The USD/MXN is falling for the second day in a row. It bottomed at 21.79, the lowest level in a week and then rebounded. It was trading slightly below the 22.00 level and around the 50-day moving average. A daily close clearly under 21.90 would suggest more losses ahead. On the downside, under 21.90, the next strong support is seen at 21.50 that should limit losses and favor a rebound if reached over the next sessions. The US dollar needs 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.
