USD/MXN Price Analysis: Testing critical support around 19.30 – by MSalordFX USDMXN Technical Analysis Currencies
ling back after the upside was capped by the 19.60 horizontal resistance and the 20-day Simple Moving Average at 19.55.
Recently USD/MXN bottomed at 19.32, the lowest level in six days. So far the pair has been able to remain above the critical support area around 19.25/30. Below that area, the next target is seen at 19.00/05, with an intermediate resistance at 19.15.are turning south again. RSI is moving to the downside but far from the 30 level. Price holds below key moving averages. A consolidation between 19.30 and 19.60 over the next sessions seems likely..
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