#USDMXN @ 19.9935 -imp levels: fails to break key resistance near 20.20.
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- USD/MXN fails to break key resistance near 20.20.
- Break above 20.20 to give momentum to the dollar.
- Price continues to consolidate around 20.00.
The pair currently trades last at 19.9935.
The previous day high was 20.0346 while the previous day low was 19.8686. The daily 38.2% Fib levels comes at 19.9712, expected to provide support. Similarly, the daily 61.8% fib level is at 19.932, expected to provide support.
The USD/MXN is flat on Monday as it pulled back after reaching the highest level in almost a week at 20.16. The pair tested a critical resistance area around 20.17, the convergence of a short-term downtrend line and the 20 and 200-day Simple Moving Average.
A break above 20.20 should give momentum to the US Dollar and a close above 20.25 would point to more gains, with the next resistance located at 20.45.
A slide under 19.98 should put the Mexican peso to test the 19.90 support area. A break lower would expose the August low around 19.80, a strong support level that would likely hold, favoring a rebound to 19.90 before a break lower.
On a wider perspective, USD/MXN continues to consolidate around 20.00, moving without a clear direction. With the price under key daily moving average the bias is to the downside with momentum under 100. Although other technical indicators like the RSI are flat around midlines.
Technical Levels: Supports and Resistances
USDMXN currently trading at 20.0126 at the time of writing. Pair opened at 20.0258 and is trading with a change of -0.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 20.0126 |
| 1 | Today Daily Change | -0.0132 |
| 2 | Today Daily Change % | -0.0700 |
| 3 | Today daily open | 20.0258 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 20.1338, 50 SMA 20.2873, 100 SMA @ 20.1576 and 200 SMA @ 20.3935.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 20.1338 |
| 1 | Daily SMA50 | 20.2873 |
| 2 | Daily SMA100 | 20.1576 |
| 3 | Daily SMA200 | 20.3935 |
The previous day high was 20.0346 while the previous day low was 19.8686. The daily 38.2% Fib levels comes at 19.9712, expected to provide support. Similarly, the daily 61.8% fib level is at 19.932, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 19.9181, 19.8104, 19.7522
- Pivot resistance is noted at 20.0841, 20.1423, 20.25
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 20.0346 |
| Previous Daily Low | 19.8686 |
| Previous Weekly High | 20.2483 |
| Previous Weekly Low | 19.8495 |
| Previous Monthly High | 21.0539 |
| Previous Monthly Low | 20.0921 |
| Daily Fibonacci 38.2% | 19.9712 |
| Daily Fibonacci 61.8% | 19.9320 |
| Daily Pivot Point S1 | 19.9181 |
| Daily Pivot Point S2 | 19.8104 |
| Daily Pivot Point S3 | 19.7522 |
| Daily Pivot Point R1 | 20.0841 |
| Daily Pivot Point R2 | 20.1423 |
| Daily Pivot Point R3 | 20.2500 |
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