USD/MXN Price Analysis: Mexican Peso slides to 50-HMA, bulls remain hopeful above 17.35


  • USD/MXN prints the first daily gains in three, bounces off the lowest levels since 2016.
  • Immediate resistance break joins upbeat oscillators to favor short-term pair buyers.
  • Mexican Peso sellers need to conquer 200-HMA to topple bulls.

USD/MXN grinds near intraday high of around 17.20 as it prod the 50-Hour Moving Average (HMA) during the first positive day in three on early Thursday. In doing so, the Mexican Peso (MXN) pair defends the late Wednesday’s rebound from the lowest levels since 2016.

That said, a clear break of the previous resistance line stretched from Tuesday joins bullish MACD signals and upbeat RSI (14) line, not overbought, to keep the USD/MXN bulls hopeful.

However, multiple hurdles toward the north keep challenging the pair’s upside momentum.

Among them, the 50-HMA level of around 17.21 guards immediate recovery ahead of a one-week-old downward-sloping resistance line, around 17.25 by the press time.

Following that, the 100-HMA and the 200-HMA, respectively near 17.26 and 17.35 in that order, will challenge the USD/MXN bulls before giving control to them.

On the flip side, a clear break of the resistance-turned-support line, near 17.16 by the press time, becomes necessary to convince USD/MXN sellers.

Following that, the bears may easily conquer the latest trough of 17.07 in search of poking the 17.00 psychological magnet.

It should be noted that the year 2016 bottom of around 17.05 acts as an extra filter toward the south.

USD/MXN: Hourly chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 17.2092
Today Daily Change 0.1024
Today Daily Change % 0.60%
Today daily open 17.1068
 
Trends
Daily SMA20 17.5604
Daily SMA50 17.7747
Daily SMA100 18.1337
Daily SMA200 18.8751
 
Levels
Previous Daily High 17.2471
Previous Daily Low 17.0789
Previous Weekly High 17.5981
Previous Weekly Low 17.2591
Previous Monthly High 18.078
Previous Monthly Low 17.4203
Daily Fibonacci 38.2% 17.1431
Daily Fibonacci 61.8% 17.1829
Daily Pivot Point S1 17.0414
Daily Pivot Point S2 16.976
Daily Pivot Point S3 16.8731
Daily Pivot Point R1 17.2097
Daily Pivot Point R2 17.3125
Daily Pivot Point R3 17.3779

 

 

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

USD/JPY off lows but heavy near 151.50 amid upbeat Japan's Q4 GDP

USD/JPY off lows but heavy near 151.50 amid upbeat Japan's Q4 GDP

USD/JPY is off the lows but holds moderates losses near 151.50 early Monday. Japan's prelimimary GDP report showed the economy expanded 0.7% QoQ and 2.8% YoY in Q4. The data blew past market expectations and reaffirmed bets for another BoJ rate hike, boosting the Japanese Yen. 

USD/JPY News
AUD/USD holds gains above 0.6350 amid US Dollar weakness

AUD/USD holds gains above 0.6350 amid US Dollar weakness

AUD/USD holds gains above 0.6350 in the Asian session on Monday. The sustained US Dollar weakness and prospects of Russia-US meeting outweigh dovish RBA expectations, supporting the pair amid a US holiday-thinned market. All eyes remain on Tuesday's RBA interest rate decision. 

AUD/USD News
Gold buyers regain poise as focus shifts to US-Russia meeting

Gold buyers regain poise as focus shifts to US-Russia meeting

Gold price rebounds after Friday’s profit-taking slide; light trading could exaggerate moves. The US Dollar and US Treasury yields consolidate losses, bracing for US-Russia talks and Fed Minutes.

Gold News
Bitcoin, Ethereum and Ripple hold steady while XRP gains momentum

Bitcoin, Ethereum and Ripple hold steady while XRP gains momentum

Bitcoin has been consolidating between $94,000 and $100,000 for almost two weeks. Ethereum price follows in BTC’s footsteps and hovers around $2,680, while Ripple shows strength and extends its gains on Monday after rallying 14% last week.

Read more
Tariffs likely to impart a modest stagflationary hit to the economy this year

Tariffs likely to impart a modest stagflationary hit to the economy this year

The economic policies of the Trump administration are starting to take shape. President Trump has already announced the imposition of tariffs on some of America's trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025