USD/MXN Technical Analysis: Dollar jumps to test key resistance at 19.20
- The Mexican peso is among the weakest currencies today, affected by the two-notch downgrade of Pemex and ahead of the FOMC meeting.
- The USD/MXN holds a bullish tone and is testing the 19.20 area: a consolidation on top would open the doors to more gains, targeting 19.30 and then 19.45.
- The 19.20 zone is the neckline of a potential double bottom seen at 18.85/90 (Jan 16, 17 & 20 low) and also the 21-day moving average.
- On the downside, a slide back below 19.00 would remove the positive short-term momentum, exposing the 18.85/87 strong support level. A break lower would clear the way for a slide to 18.70.
USD/MXN Daily Chart
-636844621665381891.png)
USD/MXN
Overview:
Today Last Price: 19.1458
Today Daily change: 0.1328 pips
Today Daily change %: 0.70%
Today Daily Open: 19.013
Trends:
Daily SMA20: 19.1645
Daily SMA50: 19.756
Daily SMA100: 19.5731
Daily SMA200: 19.4697
Levels:
Previous Daily High: 19.0668
Previous Daily Low: 18.965
Previous Weekly High: 19.2421
Previous Weekly Low: 18.8812
Previous Monthly High: 20.658
Previous Monthly Low: 19.607
Daily Fibonacci 38.2%: 19.0039
Daily Fibonacci 61.8%: 19.0279
Daily Pivot Point S1: 18.963
Daily Pivot Point S2: 18.913
Daily Pivot Point S3: 18.8611
Daily Pivot Point R1: 19.0649
Daily Pivot Point R2: 19.1168
Daily Pivot Point R3: 19.1668