The USD/MXN surged on Monday to the highest level since December. It then pulled back trimming weekly gains. The slide back under 19.75 remove some of the bullish pressure in the short-term. The main trend points to the upside and if it rises back above 19.80, a test of the monthly high and to the 20.00 area seems likely. Above the next key resistance is downtrend line from 2017 that stands at 20.10. If the pair manages to clearly drop below 19.50 it would alleviate peso’s weakens. Below that level USD/MXN could slide to 19.30, a critical support that should favor a rebound. As long as USD/MXN holds above 19.30, the bias would point to the upside. 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 Gold holds in bullish territory, unfazed by FOMC minutes FX Street 4 years The USD/MXN surged on Monday to the highest level since December. It then pulled back trimming weekly gains. The slide back under 19.75 remove some of the bullish pressure in the short-term. The main trend points to the upside and if it rises back above 19.80, a test of the monthly high and to the 20.00 area seems likely. Above the next key resistance is downtrend line from 2017 that stands at 20.10. If the pair manages to clearly drop below 19.50 it would alleviate peso's weakens. Below that level USD/MXN could slide to 19.30, a critical 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.
