Mexican peso among worst performers on Monday trims losses after stocks hit new highs in Wall Street. The bullish trend in USD/MXN remains firm; above 21.50 the odds for 22.00 will rise. The USD/MXN is rising for the fourth consecutive day in a row and reach 21.64, the highest level since November. It then pulled back, and it is hovering around 21.40. The retreat under 21.50 alleviated the bullish pressure, although the trend remains firm. The Mexican peso is among the worst performers on Monday. It recovered ground as Wall Street rises. Still, emerging market assets do not reflect the optimism seen in US stocks. These contrarian signs point to caution among investors. Technically the trend in USD/MXN is firm, and a consolidation above 21.50 would point to the next resistance at 21.75 that protects the 21.90/22.00 barrier. On the downtrend, the immediate support is seen around 21.15. Momentum and the RSI are at extreme overbought levels in the daily chart, so some consolidation seems likely ahead. The signs of a correction are not there yet. USD/MXN technical level 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/GBP slides under 0.8600 as bears retain control FX Street 1 year Mexican peso among worst performers on Monday trims losses after stocks hit new highs in Wall Street. The bullish trend in USD/MXN remains firm; above 21.50 the odds for 22.00 will rise. The USD/MXN is rising for the fourth consecutive day in a row and reach 21.64, the highest level since November. It then pulled back, and it is hovering around 21.40. The retreat under 21.50 alleviated the bullish pressure, although the trend remains firm. The Mexican peso is among the worst performers on Monday. It recovered ground as Wall Street rises. Still, emerging market assets do not reflect the… 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.
