Home USD/MXN Technical Analysis: Modestly bullish, approaching critical 19.30
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USD/MXN Technical Analysis: Modestly bullish, approaching critical 19.30

  • Technical indicators and the chart points to the upside but without strength enough so far. A close well above 19.20 or more important, above the critical 19.30, would add impulse to the US dollar, signaling a potential test of 2019 highs slightly below 19.50.  
  • A retreat back below 19.20 would favor a continuation of the range between 19.20 and 19.10.

USD/MXN 360-minute chart  

USD/MXN

  • The daily chart shows the pair also with a bullish bias but it needs to hold around current levels, but overall it remains on consolidation. On the flip side, below 19.10 a test of the uptrend line around 19.00 seems likely. A breakout below should lead to a YTD lows at 18.85/87.
  • On the upside, above 19.30 the next strong resistance is seen around 19.45 that should hold and favored a pull back, if reached.  

USD/MXN Daily chart  

USD/MXN

Overview:

USD/MXN

Overview:
       Today Last Price:  19.2927
       Today Daily change:  0.1115  pips
       Today Daily change %:  0.58%
       Today Daily Open:  19.1812
Trends:
       Daily SMA20:  19.1808
       Daily SMA50:  19.2837
       Daily SMA100:  19.6328
       Daily SMA200:  19.4544
Levels:
       Previous Daily High:  19.2636
       Previous Daily Low:  19.147
       Previous Weekly High:  19.3287
       Previous Weekly Low:  19.0997
       Previous Monthly High:  19.721
       Previous Monthly Low:  18.8767
       Daily Fibonacci 38.2%:  19.219
       Daily Fibonacci 61.8%:  19.1915
       Daily Pivot Point S1:  19.1309
       Daily Pivot Point S2:  19.0807
       Daily Pivot Point S3:  19.0144
       Daily Pivot Point R1:  19.2475
       Daily Pivot Point R2:  19.3138
       Daily Pivot Point R3:  19.3641

 

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