#USDMXN @ 20.1448 jumps back above 20.00 as dollar strengthens versus emerging market currencies. (Pivot Orderbook analysis)
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- USD/MXN jumps back above 20.00 as dollar strengthens versus emerging market currencies.
- Pair hits the 100-day SMA and retreats.
- Daily close above 20.25 to point to more gains.
The pair currently trades last at 20.1448.
The previous day high was 20.0295 while the previous day low was 19.9447. The daily 38.2% Fib levels comes at 19.9971, expected to provide support. Similarly, the daily 61.8% fib level is at 19.9771, expected to provide support.
The USD/MXN is rising for the second day in a row on Tuesday, boosted by a stronger US dollar and extending a rebound after approaching to 19.90. The pair peaked at 20.17, after the release of US economic data, matching the 100-day Simple Moving Average (SMA).
The immediate resistance stands at 20.17; above the USD/MXN could rise to test 20.25. A break higher should change the short-term bias to neutral/bullish. A daily close above 20.25 would be a positive development of the US dollar, targeting the 20.45 zone.
Since mid-August USD/MXN is moving sideways in a range between 19.80 and 20.25. An interim support area is seen at 19.90. A firm break under 19.80 would weaken the dollar further, exposing 19.72.
Technical Levels: Supports and Resistances
USDMXN currently trading at 20.1226 at the time of writing. Pair opened at 20.0017 and is trading with a change of 0.6 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 20.1226 |
| 1 | Today Daily Change | 0.1209 |
| 2 | Today Daily Change % | 0.6000 |
| 3 | Today daily open | 20.0017 |
The pair is trading above its 20 Daily moving average @ 20.0244, below its 50 Daily moving average @ 20.2911 , below its 100 Daily moving average @ 20.1694 and below its 200 Daily moving average @ 20.3516
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 20.0244 |
| 1 | Daily SMA50 | 20.2911 |
| 2 | Daily SMA100 | 20.1694 |
| 3 | Daily SMA200 | 20.3516 |
The previous day high was 20.0295 while the previous day low was 19.9447. The daily 38.2% Fib levels comes at 19.9971, expected to provide support. Similarly, the daily 61.8% fib level is at 19.9771, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 19.9544, 19.9072, 19.8696
- Pivot resistance is noted at 20.0392, 20.0768, 20.1241
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 20.0295 |
| Previous Daily Low | 19.9447 |
| Previous Weekly High | 20.2946 |
| Previous Weekly Low | 19.9114 |
| Previous Monthly High | 20.8261 |
| Previous Monthly Low | 19.8019 |
| Daily Fibonacci 38.2% | 19.9971 |
| Daily Fibonacci 61.8% | 19.9771 |
| Daily Pivot Point S1 | 19.9544 |
| Daily Pivot Point S2 | 19.9072 |
| Daily Pivot Point S3 | 19.8696 |
| Daily Pivot Point R1 | 20.0392 |
| Daily Pivot Point R2 | 20.0768 |
| Daily Pivot Point R3 | 20.1241 |
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