USD/MXN Price Analysis: Looking for a test of 19.80


  • USD/MXN with bearish bias while under 19.95.
  • Consolidation under 19.80, opens the doors to more losses.
  • Immediate resistance at 19.95; critical barrier at 20.15/20.

The USD/MXN is falling on Tuesday on the back of a weaker US dollar across the board. The pair has been consolidating under 19.95, leaving the doors open to more losses. So far, it bottomed at 19.86, the lowest level in a month.

The critical support is located at 19.80. Some rebound from this level might be seen, but in the case of a daily close below, the bearish bias would be reinforced, exposing the 19.50 key level (intermediate support at 19.70).

The 19.95 has become the immediate resistance is the previous support at 19.95. A recovery above would alleviate the bearish pressure and would point to a consolidation between 20.15 and 19.95.

On the upside the zone is 20.15/20.20. A break higher would suggest more gain ahead, targeting 20.45, with intermediate resistance at 20.30.

USD/MXN daily chart

USDMxN

USD/MXN

Overview
Today last price 19.8634
Today Daily Change -0.0732
Today Daily Change % -0.37
Today daily open 19.9366
 
Trends
Daily SMA20 20.0598
Daily SMA50 20.0432
Daily SMA100 20.1727
Daily SMA200 20.2274
 
Levels
Previous Daily High 20.007
Previous Daily Low 19.8974
Previous Weekly High 20.177
Previous Weekly Low 19.8855
Previous Monthly High 20.5794
Previous Monthly Low 19.7533
Daily Fibonacci 38.2% 19.9651
Daily Fibonacci 61.8% 19.9392
Daily Pivot Point S1 19.887
Daily Pivot Point S2 19.8374
Daily Pivot Point S3 19.7775
Daily Pivot Point R1 19.9966
Daily Pivot Point R2 20.0565
Daily Pivot Point R3 20.1061

 

 

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