USDMXN rises for the second day, cannot exceed 19.50

• The dollar, with mixed results, strengthens in the run-up to the American session.
• Disgruntled markets: Wall Street rises, oil plunges.
• USDMXN rises on Friday, but without exceeding 19.50.

USDMXN is rising on Friday for the second day in a row and remains below 19.50. The pair remains with a bearish bias without significantly moving away from the lows in months reached at the beginning of the week, and holding above 19.30.

The financial markets move between great calm in currencies, a sharp fall in the price of oil and stability in bonds. In this context, the Dollar Index falls marginally and emerging market currencies present mixed results.

On Wall Street, the Dow Jones points to an opening with increases of 0.67%, and of nasdaq of 0.95%. At the same time the Petroleum falls 2.50%. The mixed context favors a lack of general direction in the currencies.

The USDMXN is trading around 19.45, after failing to break above 19.50. The pair remains in consolidation mode, after finding support above 19.30. The dollar needs to rise above 19.60 to ease the bearish pressures. If broken and confirmed below 19.30, a bearish extension could be expected, targeting 19.15.

technical levels