The USD/MXN bottomed at 20.15 and then bounced to the upside but remained under 20.40 all day. It was about to end flat on Thursday, offering no strong signals. The price corrected lower from the multi-month high it reached on Monday at 20.64. The trend still points to the upside, but technical indicators show no clear signals for the near future. Price could start trading on a broader consolidation range between 20.00/05 and 20.50. A break above 20.50 would expose weekly highs and strengthen the bullish case, while under 20.20 (also below the 20-day moving average) would clear the way to an extension of the correction with a potential target at 20.00/05. USD/MXN Daily Chart USD/MXN Overview: Today Last Price: 20.2508 Today Daily change: 64 pips Today Daily Open: 20.2444 Trends: Previous Daily SMA20: 20.2356 Previous Daily SMA50: 19.5738 Previous Daily SMA100: 19.2368 Previous Daily SMA200: 19.2116 Levels: Previous Daily High: 20.5197 Previous Daily Low: 20.2023 Previous Weekly High: 20.552 Previous Weekly Low: 20.1112 Previous Monthly High: 20.484 Previous Monthly Low: 18.5 Previous Daily Fibonacci 38.2%: 20.3235 Previous Daily Fibonacci 61.8%: 20.3984 Previous Daily Pivot Point S1: 20.1245 Previous Daily Pivot Point S2: 20.0047 Previous Daily Pivot Point S3: 19.8071 Previous Daily Pivot Point R1: 20.4419 Previous Daily Pivot Point R2: 20.6395 Previous Daily Pivot Point R3: 20.7594 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 Allianz chief economist Mohamed El-Erian crypto will survive current sell off FX Street 4 years The USD/MXN bottomed at 20.15 and then bounced to the upside but remained under 20.40 all day. It was about to end flat on Thursday, offering no strong signals. The price corrected lower from the multi-month high it reached on Monday at 20.64. The trend still points to the upside, but technical indicators show no clear signals for the near future. Price could start trading on a broader consolidation range between 20.00/05 and 20.50. A break above 20.50 would expose weekly highs and strengthen the bullish case, while under 20.20 (also below the 20-day moving average) would clear… 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.
