Commerzbank analysts suggest that USD/MXN pair has continued to hold over the January low at 18.8787 and the 10 month uptrend at 18.9887 and the 5 year uptrend at 19.06 and the market looks capable of retesting the 200 day ma at 19.4494. Key Quotes “While capped here the bias is still neutral to negative and below here will target the mid-October low at 18.7312 and the August and October troughs as well as the 200 week moving average at 18.4910. This area we expect to hold. Should this not be the case, we would also expect the April 2018 low at 17.9399 to be reached.” “Resistance above the 200 day ma is offered by the Feb high at 19.4722 and also at the 19.6855 September high. Key resistance remains to be seen at the 20.4720/6574 October-to-December highs.” 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 EUR/USD depressed near 1.1330 post-EMU data FX Street 4 years Commerzbank analysts suggest that USD/MXN pair has continued to hold over the January low at 18.8787 and the 10 month uptrend at 18.9887 and the 5 year uptrend at 19.06 and the market looks capable of retesting the 200 day ma at 19.4494. Key Quotes "While capped here the bias is still neutral to negative and below here will target the mid-October low at 18.7312 and the August and October troughs as well as the 200 week moving average at 18.4910. This area we expect to hold. Should this not be the case, we would also expect the April 2018… 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.
