The Mexican peso broke a key technical level and appears to be headed to further gains. On Friday, the USD/MXN dropped below 19.20, leaving it vulnerable to more losses in the short-term and today it is trading under an uptrend line that stands at 19.10. A confirmation under that area would point to a test of 19.00 with the odds favoring a break lower. The next zone to watch is 18.85/87, YTD lows. The US dollar needs to rise back above 19.20 to remove the intraday bearish bias, while under 19.30 the bearish outlook would remain intact. USD/MXN Daily Chart USD/MXN Overview: Today Last Price: 19.0702 Today Daily change: -0.1391 pips Today Daily change %: -0.72% Today Daily Open: 19.2093 Trends: Daily SMA20: 19.2816 Daily SMA50: 19.1912 Daily SMA100: 19.6548 Daily SMA200: 19.4162 Levels: Previous Daily High: 19.3201 Previous Daily Low: 19.1846 Previous Weekly High: 19.5204 Previous Weekly Low: 19.1846 Previous Monthly High: 19.4726 Previous Monthly Low: 19.0168 Daily Fibonacci 38.2%: 19.2363 Daily Fibonacci 61.8%: 19.2683 Daily Pivot Point S1: 19.1559 Daily Pivot Point S2: 19.1024 Daily Pivot Point S3: 19.0203 Daily Pivot Point R1: 19.2914 Daily Pivot Point R2: 19.3735 Daily Pivot Point R3: 19.427 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/CHF Technical Analysis: Greenback under pressure below 1.0040 key resistance against CHF FX Street 4 years The Mexican peso broke a key technical level and appears to be headed to further gains. On Friday, the USD/MXN dropped below 19.20, leaving it vulnerable to more losses in the short-term and today it is trading under an uptrend line that stands at 19.10. A confirmation under that area would point to a test of 19.00 with the odds favoring a break lower. The next zone to watch is 18.85/87, YTD lows. The US dollar needs to rise back above 19.20 to remove the intraday bearish bias, while under 19.30 the bearish outlook would remain intact. … 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.
