USD/MXN main trend is bearish, short-term supported at 19.90 and 19.70. US dollar set to strengthen if it holds above 20.20. The USD/MXN pair is rising for the fourth consecutive day and is it is holding firm above the 20-day moving average. The US dollar gained momentum on Monday after holding above 20.00 and it is testing the 20.20/25 resistance. The main trend in USD/MXN is bearish, although in the short-term technical indicators favor the upside. The next strong resistance is seen at 20.75, a horizontal level and the 55-day simple moving average. It if it breaks above, a test the eight-month downtrend line, today at 21.30, seems likely. A slide back below 19.95 would weaken the US dollar. The next support is located at 19.90 and below the December low around 19.70. A consolidation under 19.70 would target 19.55/60. 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 WTI slips from European morning highs but remains supported above $46.00 FX Street 2 years USD/MXN main trend is bearish, short-term supported at 19.90 and 19.70. US dollar set to strengthen if it holds above 20.20. The USD/MXN pair is rising for the fourth consecutive day and is it is holding firm above the 20-day moving average. The US dollar gained momentum on Monday after holding above 20.00 and it is testing the 20.20/25 resistance. The main trend in USD/MXN is bearish, although in the short-term technical indicators favor the upside. The next strong resistance is seen at 20.75, a horizontal level and the 55-day simple moving average. It if it breaks above, a test 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.
