USD/MXN consolidates at record highs, awaits final US election results

USD/MXN hovers nears the record high of 20.78 levels set earlier today as the markets await final US election results, which is widely expected to show Trump victory.

The currency pair is up 13% on the day. Mexican Peso bulls were caught offguard by Trump’s outperformance since the pre election polls released throughout last couple of months showed little odds of a Trump victory.

USD/MXN Technical Levels

The pair is trading at record highs, thus psychological zero figures or round figures could act as resistance levels. On the lower side, support could be seen at 20.00 and 19.52166 (June high).