The USD/MXN pair reached 19.19 and pulled back, making a correction from the rally that started on Monday from 18.73. The tone still looks bullish, particularly after the pair found support above the 20-day moving average and also on top of the 19.00 zone. The current levels present an opportunity for buyers for another test to 19.20, and if the pair breaks higher, the next target is seen at 19.28/30. If the rally continues, the price would be above a key medium-term downtrend line, suggesting more gains ahead, with an immediate target at 19.45. On the flip side, if the correction moves below 18.98, then the outlook would favor more losses and an extension to 18.90. Below that level, attention would turn to the key support seen at 18.73/74. USD/MXN Daily Chart USD/MXN 4-hour 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 USD/RUB: Room for more RUB appreciation on a three to six-month horizon – Nordea Markets FX Street 4 years The USD/MXN pair reached 19.19 and pulled back, making a correction from the rally that started on Monday from 18.73. The tone still looks bullish, particularly after the pair found support above the 20-day moving average and also on top of the 19.00 zone. The current levels present an opportunity for buyers for another test to 19.20, and if the pair breaks higher, the next target is seen at 19.28/30. If the rally continues, the price would be above a key medium-term downtrend line, suggesting more gains ahead, with an immediate target at 19.45. On the flip side,… 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.
