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Forex: USD/MXN loses impetus, back to lows

The Mexican peso is picking up pace against the greenback on Tuesday, partially recovering initial losses and dragging the cross to the vicinity of session lows around 12.7200

In the data space, the Mexican Business Confidence fell to 53.47 in February vs. January’s 54.74, while the Consumer Confidence contracted to 95.5 from 100.0 in the same period.

At the moment, the pair is losing 0.19% at 12.7214 and the next support levels line up at 12.6220 (low Feb.20) and then 12.6239 (Lower Bollinger).
On the upside, a surpass of 12.8251 (Upper Bollinger) would bring 12.8505 (MA100d).

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