#USDMXN @ 19.4590 Mexican peso gains versus US dollar after three days. (Pivot Orderbook analysis)
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- Mexican peso gains versus US dollar after three days.
- USD/MXN finds resistance at the 20-day SMA before 19.60.
- Interim support at 19.40, key level at 19.30.
The pair currently trades last at 19.4590.
The previous day high was 19.5924 while the previous day low was 19.415. The daily 38.2% Fib levels comes at 19.5247, expected to provide resistance. Similarly, the daily 61.8% fib level is at 19.4828, expected to provide resistance.
The USD/MXN is falling on Tuesday after rising during three consecutive days, on a quiet session for financial markets. The rebound from monthly lows found resistance near the 19.60 barrier. The pair reversed its course after reaching the 20-day Simple Moving Average.
The ongoing retreat could extend toward the interim support area of 19.40. A break lower would expose the critical 19.25/30 zone that capped the downside last week. Below that area, the next target is seen at 19.00/05 (intermediate resistance at 19.15).
Technical indicators area mixed. Momentum is still moving to the upside but the RISE is starting to turn south. Price holds below key moving averages. A consolidation between 19.30 and 19.60 over the next sessions seems likely.
If the Dollar breaks and holds above 19.60 it would gain strength and could rise to the next barrier at 19.80.
Technical Levels: Supports and Resistances
USDMXN currently trading at 19.4754 at the time of writing. Pair opened at 19.5461 and is trading with a change of -0.36 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 19.4754 |
| 1 | Today Daily Change | -0.0707 |
| 2 | Today Daily Change % | -0.3600 |
| 3 | Today daily open | 19.5461 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 19.5849, 50 SMA 19.8698, 100 SMA @ 20.0691 and 200 SMA @ 20.1274.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 19.5849 |
| 1 | Daily SMA50 | 19.8698 |
| 2 | Daily SMA100 | 20.0691 |
| 3 | Daily SMA200 | 20.1274 |
The previous day high was 19.5924 while the previous day low was 19.415. The daily 38.2% Fib levels comes at 19.5247, expected to provide resistance. Similarly, the daily 61.8% fib level is at 19.4828, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 19.4433, 19.3405, 19.2659
- Pivot resistance is noted at 19.6206, 19.6952, 19.798
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 19.5924 |
| Previous Daily Low | 19.4150 |
| Previous Weekly High | 19.5733 |
| Previous Weekly Low | 19.2497 |
| Previous Monthly High | 20.1770 |
| Previous Monthly Low | 19.7850 |
| Daily Fibonacci 38.2% | 19.5247 |
| Daily Fibonacci 61.8% | 19.4828 |
| Daily Pivot Point S1 | 19.4433 |
| Daily Pivot Point S2 | 19.3405 |
| Daily Pivot Point S3 | 19.2659 |
| Daily Pivot Point R1 | 19.6206 |
| Daily Pivot Point R2 | 19.6952 |
| Daily Pivot Point R3 | 19.7980 |
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