UsdMxn Sell Set UpUsdMxn : look for sell set up once price breaks above 20.71 and gives reaction. Invalidation above red line (21.29)
USD/MXN Nears Critical Support LevelOver the past four trading sessions, USD/MXN has declined by more than 2% in favor of the Mexican peso. The current bearish move has brought the price closer to the lower boundary of the existing sideways range seen on the chart.
This recent selling pressure has been driven by mixed U.S. inflat
USD/MXN: Testing Support Within a Tight RangeChart Analysis:
USD/MXN remains stuck in sideways consolidation, with price action respecting both rising trendline support and overhead resistance at 20.80.
1️⃣ Support and Resistance Levels Holding:
Key resistance at 20.80 has repeatedly capped rallies, preventing a breakout.
Trendline support
USDMXN at Key Support - Potential Buy SetupOANDA:USDMXN is currently trading at a major demand zone, where buyers may step in to support the price. This level has historically acted as a strong support area, leading to bullish reversals.
If the price confirms a rejection from this demand zone, we could see a move upward toward the 20.4440
USDMXN Net short on Regression BreakUSDMXN has broken the uptrend after 216 straight days in a long bias.
Maybe be worth considering an EA entry short with limited risk to the swing-high
USDMXN Ending DiagonalPrice is going for another breakdown attempt, and this one looks much more solid:
bearish RSI divergence on the recent high
price consolidation below bottom of rising wedge
Next important support level sits at 19.75.
Banxico Accelerates the Pace of NormalizationThe recent monetary policy decision by the Bank of Mexico (Banxico), which reduced the interest rate by 50 basis points to 9.5%, marks a significant moment in the current cycle of monetary normalization. Although the market consensus already anticipated a cut, the 50-basis-point magnitude reflects t
Mexican Peso at a Key Monetary Policy MomentIn a global environment still marked by uncertainty, the Mexican peso is showing relative stability ahead of the imminent monetary policy decision by the Banco de México (Banxico). The expectation of a 50 basis points cut in the interest rate this month reflects a strategic calculation: to seize an
Mexico in a weaker bargaining power over USAI could be wrong but I think Mexico has a weaker bargaining power over US in the tariffs matter. As such, I would expect its currency to weaken against the USD sooner/faster than the Canadian dollars.
Day chart shows 20.83 resistance level - if this cannot be break up, then I expect it to falter a
Mexican Peso Under PressureThe Mexican peso remains in a delicate position, struggling with a series of internal and external factors that exert pressure on its value. Despite a weaker U.S. dollar midweek, the local currency has faced notable downward pressures, reflecting the complex economic landscape that Mexico is navigat
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of USDMXN is 20.39422 MXN — it has increased by 0.04% in the past 24 hours. See more of USDMXN rate dynamics on the detailed chart.
The value of the USDMXN pair is quoted as 1 USD per x MXN. For example, if the pair is trading at 1.50, it means it takes 1.5 MXN to buy 1 USD.
The term volatility describes the risk related to the changes in an asset's value. USDMXN has the volatility rating of 0.61%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDMXN showed a −0.42% fall over the past week, the month change is a −1.47% fall, and over the last year it has increased by 19.67%. Track live rate changes on the USDMXN chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDMXN right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with USDMXN technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDMXN shows the buy signal, and 1 month rating is buy. See more of USDMXN technicals for a more comprehensive analysis.