USD/MXN seesaws around 23.6% Fibonacci retracement, above 21-day SMA, after a three-day winning streak. A further downside could recall late-March lows, buyers can await a sustained break of March 24 top. Following its U-turn from Monday’s record top, USD/MXN seesaws around 24.03, down 0.04% on the day, during the early Thursday’s Asian session. The quote currently seesaws around 23.6% Fibonacci retracement of its February 27 to April 06 upside while also staying above 21-day SMA amid RSI’s step back from the overbought territory. That said, the pair is likely to witness pullback moves towards 24.65/70 and 25.00 resistances whereas March 24 high near 25.45 holds the key to the pair’s record top surrounding 25.78. Meanwhile, the pair’s daily closing below 21-day SMA level of 23.83 could drag the quote towards March 27 low near 22.86, which is also adjacent to 38.2% Fibonacci retracement. USD/MXN daily chart Trend: Pullback expected 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 S&P 500 futures, US 10-year Treasury yields portray risk-on FX Street 2 years USD/MXN seesaws around 23.6% Fibonacci retracement, above 21-day SMA, after a three-day winning streak. A further downside could recall late-March lows, buyers can await a sustained break of March 24 top. Following its U-turn from Monday’s record top, USD/MXN seesaws around 24.03, down 0.04% on the day, during the early Thursday’s Asian session. The quote currently seesaws around 23.6% Fibonacci retracement of its February 27 to April 06 upside while also staying above 21-day SMA amid RSI’s step back from the overbought territory. That said, the pair is likely to witness pullback moves towards 24.65/70 and 25.00 resistances whereas March… 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.
