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  • 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

USD/MXN

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