- The Mexican peso remains in range, clinging to recent gains against the US dollar.
- USD / MXN continues to test the 20.30 / 35 support area.
- Resistance emerges at 20.55, horizontal level and SMA of 20 and 100.
The USD/MXN still unable to move away from the 20.35 area. As it happened every day of the week, the pair rose above 20.40 only to decline later.
The Mexican peso remains strong and continues to press the 20.30 / 35 support. A break to the downside would clear the way for further losses, initially targeting 20.15 and then the 20.00 zone.
The horizontal levels and the simple moving average of 20 and 100 days are located in the area. On the upside, a strong immediate resistance emerges at 20.55 and 20.60. A daily close above would expose the next resistance at 20.85.
Technical indicators are flat, affected by consolidation. USD / MXN hit a monthly intraday low on Wednesday, but failed to run below 20.30. The 200 SMA waits flat at 20.28.
Daily USD / MXN chart
Technical levels
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