The USD/MXN pair dropped sharply on Friday and corrected higher on Monday. It was again rejected from above 19.10 while the downside remained capped by 18.70. Price continues to move sideways hovering at 18.90 and also around the 20-day moving average. A firm move away from the mentioned level is needed to break the current consolidation phase. A daily close above 19.10 would signal more gains ahead with a potential target at 19.30. On the flip side, under 18.70, the 18.50/55 area would be exposed. USD/MXN Daily chart Spot: 18.93 Daily high: 18.95 Daily low: 18.75 Support Levels S1: 18.70 S2: 18.58 S3: 18.50 Resistance Levels R1: 18.95 R2: 19.15 R3: 19.30 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 Global wrap: equity markets remained under heavy downward pressure – ANZ FX Street 4 years The USD/MXN pair dropped sharply on Friday and corrected higher on Monday. It was again rejected from above 19.10 while the downside remained capped by 18.70. Price continues to move sideways hovering at 18.90 and also around the 20-day moving average. A firm move away from the mentioned level is needed to break the current consolidation phase. A daily close above 19.10 would signal more gains ahead with a potential target at 19.30. On the flip side, under 18.70, the 18.50/55 area would be exposed. USD/MXN Daily chart Spot: 18.93 Daily high: 18.95 Daily low: 18.75 Support… 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.
