- The Mexican peso consolidates recent gains against the US dollar, unable to break below 19.80.
- USD / MXN is likely to extend gains with a breakout above 20.00.
USD / MXN traded sideways on Tuesday, after bouncing again from near the 19.80 zone. The mentioned level has become a key support zone; a daily close below would clear the way for further losses, targeting 19.70. If the decline continues, the focus would be on the 19.50 area.
Around 19.98, the 20 and 55 day moving averages are seen. A pof break above is confirmed with a close above 20.00, and would ease downward pressure, suggesting more gains ahead. The next relevant hurdle is around 20.25.
In the short term, technical indicators are showing mixed signs and the key SMA is flat. The absence of a break below 19.80 should favor an upward correction. A weekly close above 20.15 should warn of a possible rally at 20.60, while below 19.70 at 19.45.
Daily USD / MXN chart
|Today last price||19.8984|
|Today I change daily||-0.0080|
|Today daily change%||-0.04|
|Today they open every day||19.9064|
|Previous Daily High||19.9288|
|Previous Daily Low||19.8037|
|Previous weekly high||20.1648|
|Previous Weekly Low||19.8004|
|Previous monthly maximum||20.2515|
|Previous Monthly Low||19.7458|
|Daily Fibonacci 38.2%||19.881|
|Daily Fibonacci 61.8%||19.8515|
|Daily Pivot Point S1||19.8305|
|S2 daily pivot point||19.7545|
|S3 Daily Pivot Point||19.7054|
|R1 daily pivot point||19.9556|
|Daily pivot point R2||20.0047|
|R3 daily pivot point||20.0807|