Mexican peso holds a positive outlook against US Dollar. USD/MXN shows oversold readings, consolidation expected while above 19.10. The USD/MXN failed to recover above 19.15 and is about to end the day near the 19.10 support level, with the bearish bias intact. Despite some oversold readings, no signs of a correction are seen yet. A consolidation on top of 19.10 could alleviate the negative pressure. A break below 19.10 would expose 19.00 and the medium-term support seen around 19.05, an uptrend line from 2017. A close below would target 18.90 and then a test of 2019 lows around 18.75 seem likely. A recover above 19.30 would point to some US Dollar strength. Above the critical resistance could be located at 19.40 (horizontal level and 20-day moving average). 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 Fed: We suspect the FOMC will cut another 25 bps – Wells Fargo FX Street 3 years Mexican peso holds a positive outlook against US Dollar. USD/MXN shows oversold readings, consolidation expected while above 19.10. The USD/MXN failed to recover above 19.15 and is about to end the day near the 19.10 support level, with the bearish bias intact. Despite some oversold readings, no signs of a correction are seen yet. A consolidation on top of 19.10 could alleviate the negative pressure. A break below 19.10 would expose 19.00 and the medium-term support seen around 19.05, an uptrend line from 2017. A close below would target 18.90 and then a test of 2019… 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.
