Back
6 Feb 2015
USD/MXN in session highs, eyes 14.90
FXStreet (Edinburgh) - The greenback is now pushing higher across the board, lifting USD/MXN to intraday peaks near 14.90.
USD/MXN boosted by NFP
The pair break above the congestion area between 14.76 and 14.78 after the labour market in the US economy surprised investors to the upside, with Payrolls coming in at 257K during January, surpassing the 234K initially forecasted.
Furthermore, the lower Consumer Confidence in the Mexican economy during January (91.1 act. vs. 93.6 prev.) also added selling pressure to the peso, giving extra legs to the pair’s upside.
USD/MXN key levels
As of writing the pair is advancing 0.64% at 14.8830 with the next resistance at 14.9160 (high Feb.5) ahead of 14.9829 (high Feb.2) and finally 15.0648 (2015 high Jan.30). On the downside, a dip through 14.7303 (low Feb.6) would clear the way to 14.6339 (low Feb.4) and then 14.5510 (low Jan.27).
USD/MXN boosted by NFP
The pair break above the congestion area between 14.76 and 14.78 after the labour market in the US economy surprised investors to the upside, with Payrolls coming in at 257K during January, surpassing the 234K initially forecasted.
Furthermore, the lower Consumer Confidence in the Mexican economy during January (91.1 act. vs. 93.6 prev.) also added selling pressure to the peso, giving extra legs to the pair’s upside.
USD/MXN key levels
As of writing the pair is advancing 0.64% at 14.8830 with the next resistance at 14.9160 (high Feb.5) ahead of 14.9829 (high Feb.2) and finally 15.0648 (2015 high Jan.30). On the downside, a dip through 14.7303 (low Feb.6) would clear the way to 14.6339 (low Feb.4) and then 14.5510 (low Jan.27).