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  • The USD/MXN pair is rising today after falling during four days in-a-row on the back of a weaker US dollar. So far today, gains are limited and price remains above a key support level, supporting the bullish tone.  
  • To the downside, the area between 19.25 and 19.30 is a crucial support: 20-day moving average, uptrend line, and horizontal level. A daily close significantly below would clear the way to more losses and potentially to a test of 19.00 and the medium-term uptrend seen at 18.97.  
  • If the pair holds on top of 19.30, the bullish bias will remain in place. The US dollar needs to recover on top of 19.40 to gain momentum. The key resistance levels are  seen at 19.45 and 19.60. Above 19.60 the next target is seen at 19.85.  

USD/MXN Daily chart


USD/MXN 4 hour chart


       Today Last Price:  19.342
    Today Daily change %:  0.30%
       Today Daily Open:  19.2842
       Daily SMA20:  19.2809
       Daily SMA50:  19.2013
       Daily SMA100:  19.658
       Daily SMA200:  19.4274
       Previous Daily High:  19.3673
       Previous Daily Low:  19.2604
       Previous Weekly High:  19.6225
       Previous Weekly Low:  19.214
       Previous Monthly High:  19.4726
       Previous Monthly Low:  19.0168
       Daily Fibonacci 38.2%:  19.3012
       Daily Fibonacci 61.8%:  19.3265
       Daily Pivot Point S1:  19.2406
       Daily Pivot Point S2:  19.197
       Daily Pivot Point S3:  19.1337
       Daily Pivot Point R1:  19.3475
       Daily Pivot Point R2:  19.4109
       Daily Pivot Point R3:  19.4545