USD/MXN Technical Analysis: Waiting for a definition, downside bias favored but...
- The USD/MXN is trading between two key levels, holding a bearish bias but still above an uptrend line and without showing significant strength for a bearish breakout.
- Price is back under the 20-day moving average, favoring the outlook to the downside. Still, a slide and a consolidation below 19.00 is needed to open the doors to more losses. Under 19.00 a test of January lows at 18.85/87 seems likely.
- On the upside, the key immediate resistance is seen at 19.30: downtrend line and 50 day moving average. If the US dollar rises above, it would clear the way to 19.45.
USD/MXN Daily Chart
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USD/MXN
Overview:
Today Last Price: 19.1723
Today Daily change: 0.0322 pips
Today Daily change %: 0.17%
Today Daily Open: 19.1401
Trends:
Daily SMA20: 19.1704
Daily SMA50: 19.3205
Daily SMA100: 19.6313
Daily SMA200: 19.4597
Levels:
Previous Daily High: 19.2451
Previous Daily Low: 19.0265
Previous Weekly High: 19.3287
Previous Weekly Low: 19.0997
Previous Monthly High: 19.721
Previous Monthly Low: 18.8767
Daily Fibonacci 38.2%: 19.11
Daily Fibonacci 61.8%: 19.1616
Daily Pivot Point S1: 19.0294
Daily Pivot Point S2: 18.9187
Daily Pivot Point S3: 18.8108
Daily Pivot Point R1: 19.248
Daily Pivot Point R2: 19.3558
Daily Pivot Point R3: 19.4665