The USD/MXN held above 19.00 after Banxico left interest rates unchanged and posted the highest close in 4 weeks. Today peaked at 19.20 before pulling back. The short-term tone favors the upside following the strong rebound from the relevant support area at 18.50 that started on Monday. A daily close above 19.20 is needed in order to clear the way to more gains. Above the next target is seen at 19.30 and 19.40. A slide back under 18.90, could weaken the outlook for the US dollar, favoring a continuation of the consolidation range between 18.70 and 19.00. USD/MXN Daily Chart Spot: 19.13 Daily high: 19.20 Daily low: 18.95 Support Levels S1: 18.95 S2: 18.70 S3: 18.50 Resistance Levels R1: 19.20 R2: 19.30 R3: 19.45 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 US Dollar Index Technical Analysis: DXY getting ready for a breakout to 2018 high ahead of NFP’s potential firework on Friday FX Street 4 years The USD/MXN held above 19.00 after Banxico left interest rates unchanged and posted the highest close in 4 weeks. Today peaked at 19.20 before pulling back. The short-term tone favors the upside following the strong rebound from the relevant support area at 18.50 that started on Monday. A daily close above 19.20 is needed in order to clear the way to more gains. Above the next target is seen at 19.30 and 19.40. A slide back under 18.90, could weaken the outlook for the US dollar, favoring a continuation of the consolidation range between 18.70 and 19.00. … 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.
