Mexican peso among the top performs during the American session. USD/MXN breaks key support ending day of consolidation. The USD/MXN opened the day extending Friday’s slide and it was able to make a clear break under 22.20, a critical support. It tumbled to 21.96, reaching the lowest level since June 16. As of writing, the pair is hovering around slightly below 22.00, with the negative momentum intact. On the downside, the next support is seen around 21.90, followed by the June low at 21.45. A weaker US dollar was the key driver in USD/MXN decline. The greenback remains under pressure across the board while the Mexican peso, supported by technical factors, outperform during the American session. Market participants ignored economic data from the US. The US Dollar Index (DXY) is falling 0.85%, trading at 93.64, the lowest since June 2018. The greenback is falling, even as Wall Street equity prices show no significant changes. Crude oil prices are also flat. Technical levels 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 Bitcoin Technical Analysis: BTC/USD touches $10,974 and it’s on the verge of cracking $11,000 FX Street 3 years Mexican peso among the top performs during the American session. USD/MXN breaks key support ending day of consolidation. The USD/MXN opened the day extending Friday’s slide and it was able to make a clear break under 22.20, a critical support. It tumbled to 21.96, reaching the lowest level since June 16. As of writing, the pair is hovering around slightly below 22.00, with the negative momentum intact. On the downside, the next support is seen around 21.90, followed by the June low at 21.45. A weaker US dollar was the key driver in USD/MXN decline. The greenback remains under pressure… 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.
