#USDMXN @ 19.8690 with bearish bias while under 19.95. (Pivot Orderbook analysis)
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- 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 pair currently trades last at 19.8690.
The previous day high was 20.007 while the previous day low was 19.8974. The daily 38.2% Fib levels comes at 19.9651, expected to provide resistance. Similarly, the daily 61.8% fib level is at 19.9392, expected to provide resistance.
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.
Technical Levels: Supports and Resistances
USDMXN currently trading at 19.8634 at the time of writing. Pair opened at 19.9366 and is trading with a change of -0.37 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 19.8634 |
| 1 | Today Daily Change | -0.0732 |
| 2 | Today Daily Change % | -0.3700 |
| 3 | Today daily open | 19.9366 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 20.0598, 50 SMA 20.0432, 100 SMA @ 20.1727 and 200 SMA @ 20.2274.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 20.0598 |
| 1 | Daily SMA50 | 20.0432 |
| 2 | Daily SMA100 | 20.1727 |
| 3 | Daily SMA200 | 20.2274 |
The previous day high was 20.007 while the previous day low was 19.8974. The daily 38.2% Fib levels comes at 19.9651, expected to provide resistance. Similarly, the daily 61.8% fib level is at 19.9392, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 19.887, 19.8374, 19.7775
- Pivot resistance is noted at 19.9966, 20.0565, 20.1061
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 20.0070 |
| Previous Daily Low | 19.8974 |
| Previous Weekly High | 20.1770 |
| 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 | 19.8870 |
| 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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