- The Mexican peso lost key technical levels over the week and tumbled to 1-month lows. It remains under pressure but some consolidation of USD/MXN under 19.45/50 seems likely before another leg higher.
- The main short-term trend still points to the upside but to clear the way to more gains, USD/MXN needs to breaks above 19.45/50. Above the target is seen at 19.60, followed by 19.70.
- A decline below 19.30 would remove some positive short-term momentum. The next support is 19.20 (horizontal) followed by 19.05/10 (short-term uptrend). A firm break below 19.05 would invalidate the bullish outlook.
USD/MXN 12-hour chart
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USD/MXN
Overview:
Today Last Price: 19.3031
Today Daily change: -0.1244 pips
Today Daily change %: -0.64%
Today Daily Open: 19.4275
Trends:
Daily SMA20: 19.1118
Daily SMA50: 19.4837
Daily SMA100: 19.6039
Daily SMA200: 19.4766
Levels:
Previous Daily High: 19.4499
Previous Daily Low: 19.2152
Previous Weekly High: 19.1863
Previous Weekly Low: 19.0168
Previous Monthly High: 19.721
Previous Monthly Low: 18.8767
Daily Fibonacci 38.2%: 19.3602
Daily Fibonacci 61.8%: 19.3048
Daily Pivot Point S1: 19.2785
Daily Pivot Point S2: 19.1295
Daily Pivot Point S3: 19.0438
Daily Pivot Point R1: 19.5132
Daily Pivot Point R2: 19.5989
Daily Pivot Point R3: 19.748
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