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USD/MXN in fresh 2014 highs

FXStreet (Edinburgh) - The greenback is accelerating its appreciation vs. its neighbour south of the Rio Grande, lifting USD/MXN to fresh 2014 highs beyond 13.7500.

USD/MXN firmer post-data

Mixed results in the US economy seem to be enough to push spot back to levels last trade in June 2012 above the 12.7500 handle, extending the positive streak to two weeks. Data in the Mexican economy were far from giving the peso any bout of strength, as the trade surplus shrunk to $0.143 billion during October from $0.590 billon in the previous month.

USD/MXN key levels

As of writing the pair is up 0.62% at 13.7574 with the next resistance at 13.7757 (high Jul.27 2012) and then 13.9750 (high June 2012). On the flip side, a breach of 13.6590 (low Nov.26) would expose 13.5820 (Tenkan Sen).

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