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USD/MXN Technical Evaluation: Ready for a definition, draw back bias favored however…

  • The USD/MXN is buying and selling between two key ranges, holding a bearish bias however nonetheless above an uptrend line and with out displaying important energy for a bearish breakout. 
  • Value is again beneath the 20-day transferring common, favoring the outlook to the draw back. Nonetheless, a slide and a consolidation under 19.00 is required to open the doorways to extra losses. Beneath 19.00 a take a look at of January lows at 18.85/87 appears possible. 
  • On the upside, the important thing speedy resistance is seen at 19.30: downtrend line and 50 day transferring common. If the US greenback rises above, it will clear the way in which to 19.45. 

USD/MXN Every day Chart




    As we speak Final Value: 19.1723
    As we speak Every day change: 0.0322 pips
    As we speak Every day change %: 0.17%
    As we speak Every day Open: 19.1401
    Every day SMA20: 19.1704
    Every day SMA50: 19.3205
    Every day SMA100: 19.6313
    Every day SMA200: 19.4597
    Earlier Every day Excessive: 19.2451
    Earlier Every day Low: 19.0265
    Earlier Weekly Excessive: 19.3287
    Earlier Weekly Low: 19.0997
    Earlier Month-to-month Excessive: 19.721
    Earlier Month-to-month Low: 18.8767
    Every day Fibonacci 38.2%: 19.11
    Every day Fibonacci 61.8%: 19.1616
    Every day Pivot Level S1: 19.0294
    Every day Pivot Level S2: 18.9187
    Every day Pivot Level S3: 18.8108
    Every day Pivot Level R1: 19.248
    Every day Pivot Level R2: 19.3558
    Every day Pivot Level R3: 19.4665