USD/MXN grinds near intraday high of 18.96 as bulls poke the key resistance line during early Monday. In doing so, the Mexican Peso (MXN) pair remains firmer for the second consecutive day while extending previous day’s rebound from the 50-DMA.
In addition to the pair’s recovery from the 50-DMA, bullish MACD signals and upbeat RSI (14), not overbought, also favor the USD/MXN pair buyers.
However, a clear upside break of the stated resistance line, near 19.00 at the latest, becomes necessary for the USD/MXN bulls to keep the reins.
Following that, the 61.8% Fibonacci retracement level of the pair’s downturn from December 2022 to March 2023, close to 19.15, will precede the double tops around 19.20 to challenge the buyers.
Furthermore, the previous monthly high surrounding 19.30 act as an extra filter towards the north.
On the contrary, pullback moves remain elusive unless the USD/MXN price remains beyond the 50-DMA support of near 18.60.
Even if the pair drops below 18.60, the late February swing high near 18.50 can act as a buffer ahead of directing the bears towards the multi-month low marked earlier in March near 17.90.
Overall, USD/MXN is likely to recovery but the road towards the north appears long and bumpy.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
古いコメントはありません。ソファをつかむ最初のものになりましょう。