US dollar drops across the board, emerging market currencies among top performers. USD/MXN reverses from weekly highs, falling to lowest intraday level since June. The USD/MXN found against resistance below 22.00 and turned to the downside amid a board-based slide of the US dollar. The pair fell from the highest in weeks hitting three-month lows. It was unable to break under 21.50. On the upside, the critical level to watch is 22.00, a convergence of a round number, a downtrend line and key moving averages. A daily close above would likely point to further gains, with an initial target at 22.30. At the moment, USD/MXN is testing again the 21.45/50 support area. Below that level the bearish pressure will likely rise considerable, leaving the doors open for a slide to 21.00, with an intermediate target at 21.30. 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 Oil: Without a vaccine, WTI to remain below $45 – BBVA FX Street 1 year US dollar drops across the board, emerging market currencies among top performers. USD/MXN reverses from weekly highs, falling to lowest intraday level since June. The USD/MXN found against resistance below 22.00 and turned to the downside amid a board-based slide of the US dollar. The pair fell from the highest in weeks hitting three-month lows. It was unable to break under 21.50. On the upside, the critical level to watch is 22.00, a convergence of a round number, a downtrend line and key moving averages. A daily close above would likely point to further gains, with an initial target at… Top 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.
