USD/MXN Price Analysis: Firm above 22.00, testing the 22.20 despite DXY’s slide Short-term trend remains bearish in USD/MXN, but momentum fades. The US dollar is falling sharply versus majors but shows strength against emerging market currencies. The USD/MXN pair rebounded at 22.00 and climbed to test the 22.20 area again despite the decline of the US dollar against majors. Emerging market currencies are posting mix results reflecting some risk aversion. The Mexican peso traded near the multi-month highs on Monday but it reversed the trend. So far, the rebound in USD/MXN has been unable to negate the short-term bearish bias. The immediate resistance is seen at 22.25, and a break higher would alleviate the bullish tone of MXN. A daily close above 22.55 should lead to more gains. On the flip side, now 22.00 is the immediate support of USD/MXN. Below comes the 21.85/90 area. A break lower would target the 21.45/50 support area, with intermediate support at 21.70. 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/USD: 10% gain in the last three months suggests elevated risks of correction – MUFG FX Street 2 years USD/MXN Price Analysis: Firm above 22.00, testing the 22.20 despite DXY’s slide Short-term trend remains bearish in USD/MXN, but momentum fades. The US dollar is falling sharply versus majors but shows strength against emerging market currencies. The USD/MXN pair rebounded at 22.00 and climbed to test the 22.20 area again despite the decline of the US dollar against majors. Emerging market currencies are posting mix results reflecting some risk aversion. The Mexican peso traded near the multi-month highs on Monday but it reversed the trend. So far, the rebound in USD/MXN has been unable to negate the short-term bearish bias.… 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.
