USD/MXN Price Analysis: Bulls appear well-set to cross 100-DMA hurdle around 19.00


  • USD/MXN remains sidelined after refreshing five-week top the previous day.
  • Upbeat oscillators, clear upside break of previous key resistance line keep Mexican Peso pair buyers hopeful.
  • Sellers need validation from 18.65 to retake control.

USD/MXN grinds near 18.90 as bulls take a breather after a three-day rebound from the multi-month low. Even so, the Mexican Peso (MXN) pair remains on the bull’s radar as it defends the previous day’s bullish signals.

That said, a daily closing beyond a downward-sloping resistance line from late December 2022, now immediate support around 18.85, favors USD/MXN bulls. Adding strength to the upside bias is the bullish MACD signals and the firmer RSI (14) line, not overbought.

It should be noted that the USD/MXN pair failed to cross the 100-DMA hurdle, near 19.10 at the latest, during the previous day’s run-up. However, the aforementioned bullish catalysts hint at the pair’s sustained break of the key resistance.

Even so, the 61.8% Fibonacci retracement level of the pair’s December 2022 to March 2023 downside, close to 19.15, can act as an extra filter to the north. Following that, the previous monthly top surrounding 19.30 appears the last defense of the USD/MXN bears.

Meanwhile, the pair’s pullback moves appear unimpressive till staying beyond the aforementioned resistance-turned-support line near 18.85.

However, major attention should be given to a convergence of the 50-DMA and 38.2% Fibonacci retracement, near 18.65, to convince the USD/MXN bears to refresh the multi-month low marked the last week around 17.90.

USD/MXN: Daily chart

Trend: Further upside expected

Additional important levels

Overview
Today last price 18.9015
Today Daily Change -0.0105
Today Daily Change % -0.06%
Today daily open 18.912
 
Trends
Daily SMA20 18.3351
Daily SMA50 18.6751
Daily SMA100 19.113
Daily SMA200 19.6429
 
Levels
Previous Daily High 19.1812
Previous Daily Low 18.2397
Previous Weekly High 18.5957
Previous Weekly Low 17.8977
Previous Monthly High 19.2901
Previous Monthly Low 18.2954
Daily Fibonacci 38.2% 18.8216
Daily Fibonacci 61.8% 18.5994
Daily Pivot Point S1 18.3741
Daily Pivot Point S2 17.8361
Daily Pivot Point S3 17.4325
Daily Pivot Point R1 19.3156
Daily Pivot Point R2 19.7192
Daily Pivot Point R3 20.2571

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD faces the next hurdle at 0.6400

AUD/USD faces the next hurdle at 0.6400

AUD/USD rose markedly and approached the key 0.6400 hurdle at the beginning of the week, always in response to rising weakness in the US Dollar and hopes of fresh stimulus in China.

AUD/USD News
EUR/USD keeps the upside target at 1.1000

EUR/USD keeps the upside target at 1.1000

EUR/USD extended further Friday’s recovery and traded at shouting distance from the YTD peaks near 1.0950 in response to increased selling pressure in the Greenback and the improved political scenario in Germany.

EUR/USD News
Gold consolidates around $3,000 ahead of Fed

Gold consolidates around $3,000 ahead of Fed

Gold prices has started the week on a positive tone and maintains their trade around the key $3,000 mark per troy ounce on the back of the modest pullback in the Greenback and mixed US yields across the curve,

Gold News
Crypto markets could gain $1 trillion as Gold price reaches $3,000: Tokenized-Gold expert explains

Crypto markets could gain $1 trillion as Gold price reaches $3,000: Tokenized-Gold expert explains

Tokenized-Gold assets hit a $1.8 billion market cap on Monday after the Gold (XAU) price marked new all-time highs above $3,000 per troy ounce. In an exclusive interview with FXStreet, RAAC CEO Kevin Rusher explains how tokenized Gold assets could impact the next crypto market recovery phase.

Read more
Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme

Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium

Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.  

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025