- The USD/MXN pair continues to consolidate, now in a smaller range between 19.00 and 19.10.
- The outlook points to a continuation of the move sideways. In the short-term, above 19.10, the pair could rise to test the critical resistance seen at 19.30, while below 19.00, 18.90 would be exposed.
The support at 18.90 is key: not only an horizontal support but also where an uptrend line stands, so a break lower would signal a test of 18.75, with a strong potential to break lower.
On the upside, a close on top of 19.30 would target 19.45/50.
USD/MXN Daily Chart
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