Mexican peso recovers strength versus the US dollar. USD/MXN back under 20-day moving average and below 20.00. The USD/MXN dropped sharply on Tuesday, and the Mexican peso is holding fir to those gains. The pair dropped after being unable to break 20.25 and tumbled to the 19.80 area from where it rebounded. Ahead of the FOMC decision, USD/MNX holds a modest bullish bias. It needs to rise back above 20.00 to gain more momentum. The critical resistance on the upside is now seen at 20.25. A daily close would suggest more gains ahead. The main trend continues to be to the downside in USD/MXN. Recent signs about exhaustion on the move lower have diminished but not disappeared. Strong barriers are seen at 19.70 and then at 19.45/50. If the last one is reached over the next sessions, it could trigger a rebound. USD/MXN daily chart 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 GBP/USD eases back from multi-year highs above 1.3550 amid mild pushback against Brexit optimism FX Street 2 years Mexican peso recovers strength versus the US dollar. USD/MXN back under 20-day moving average and below 20.00. The USD/MXN dropped sharply on Tuesday, and the Mexican peso is holding fir to those gains. The pair dropped after being unable to break 20.25 and tumbled to the 19.80 area from where it rebounded. Ahead of the FOMC decision, USD/MNX holds a modest bullish bias. It needs to rise back above 20.00 to gain more momentum. The critical resistance on the upside is now seen at 20.25. A daily close would suggest more gains ahead. The main trend continues to be to… 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.
