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USD/MXN Technical Analysis: Next target slightly above 19.15

  • The Mexican peso continues to rise against the US Dollar and stands at the highest since late-October. The outlook continues to favor the downside in USD/MXN, and signals of a bottom are not seen yet. 
  • Price is moving in a bearish channel in the short-term, facing support by the lower limit near 19.20/25. So a consolidation around 19.35 could continue over the next sessions before the next leg lower to the critical support at 19.17. 
  • On the upside, a recovery should be seen as a correction as long as it remains under 19.50/55. If it breaks above, the Mexican peso would lose strength. 

USD/MXN 4 hour

USD/MXN

USD/MXN Daily 

USD/MXN

USD/MXN

Overview:
    Today Last Price: 19.3556
    Today Daily change: -90 pips
    Today Daily change %: -0.0465%
    Today Daily Open: 19.3646
Trends:
    Previous Daily SMA20: 19.8596
    Previous Daily SMA50: 20.1044
    Previous Daily SMA100: 19.5746
    Previous Daily SMA200: 19.4038
Levels:
    Previous Daily High: 19.4765
    Previous Daily Low: 19.2935
    Previous Weekly High: 19.721
    Previous Weekly Low: 19.3733
    Previous Monthly High: 20.658
    Previous Monthly Low: 19.607
    Previous Daily Fibonacci 38.2%: 19.3634
    Previous Daily Fibonacci 61.8%: 19.4066
    Previous Daily Pivot Point S1: 19.2799
    Previous Daily Pivot Point S2: 19.1952
    Previous Daily Pivot Point S3: 19.0969
    Previous Daily Pivot Point R1: 19.4629
    Previous Daily Pivot Point R2: 19.5612
    Previous Daily Pivot Point R3: 19.6459

 

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