USD/MXN Price Analysis: Mexican peso at nine-month highs, looks to 19.70
04.04.2022, 15:52

USD/MXN Price Analysis: Mexican peso at nine-month highs, looks to 19.70

  • Mexican peso keeps rising versus the US dollar, hit highest since July 2021.
  • USD/MXN shows oversold readings but no significant sign of consolidation.
  • Price remains under the 200-week SMA at 20.15.

The USD/MXN opened the week falling back under 19.80, after posting the third weekly decline in a row. The bearish bias remains intact, with the pair looking to test 19.70 in the short-term and near the critical support area of 19.55.

The US dollar needs to recover levels above 19.85 to alleviate the immediate bearish pressure, favoring some consolidation. While under 20.15, moves to the upside could look unstable; a weekly close above could suggest a temporal bottom has been established.

The fact that USD/MXN has fallen in seventeen out of the last nineteen trading days puts in perspective how far the Mexican peso’s rally has gone. Technical indicators like RSI under 30 show oversold levels. Despite the descriptions, no significant signs of a reversal or stabilizations are noted yet as the cross keeps breaking support levels.

A consolidation under 19.70 should keep the doors open to further losses. The next medium-term solid support is seen at 19.55, the 2021 low before an interim level at 19.65.

USD/MXN daily chart

usdmxn

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik