USD/MXN Technical Analysis: Dollar holds above 19.20 and could test again 19.45
- The Mexican peso failed today to break the 19.20 support area. USD/MXN bottomed at 19.19 and turned to the upside.
- It is moving in a new higher range between 19.20 and 19.45, with a bullish bias as price holds above the 20-day moving average. The US dollar needs to break and hold on top of 19.45 to clear the way to more gains, targeting 19.60.
- On the flip side, the critical short-term support is seen at 19.20, below the pair is likely to test the uptrend line and the mentioned trends lines. A close below 19.05 would point to more losses.
- Overall, the bias points to the upside while above 19.20, but the greenback is losing strength.
USD/MXN Daily Chart
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USD/MXN
Overview:
Today Last Price: 19.2444
Today Daily change: -0.0120 pips
Today Daily change %: -0.06%
Today Daily Open: 19.2564
Trends:
Daily SMA20: 19.133
Daily SMA50: 19.4409
Daily SMA100: 19.614
Daily SMA200: 19.4759
Levels:
Previous Daily High: 19.4178
Previous Daily Low: 19.2147
Previous Weekly High: 19.4726
Previous Weekly Low: 19.0612
Previous Monthly High: 19.721
Previous Monthly Low: 18.8767
Daily Fibonacci 38.2%: 19.2923
Daily Fibonacci 61.8%: 19.3402
Daily Pivot Point S1: 19.1748
Daily Pivot Point S2: 19.0932
Daily Pivot Point S3: 18.9717
Daily Pivot Point R1: 19.3779
Daily Pivot Point R2: 19.4995
Daily Pivot Point R3: 19.5811