The Mexican Peso is on the defensive after depreciating to fresh five-month lows past 17.90. Key resistance levels were broken during the USD/MXN rally, with the 200-day Simple Moving Average (SMA) pierced at 17.16. Although buyers hadn’t been able to achieve a daily close above the latter, the risks for further Peso weakness remain.
In that outcome, the USD/MXN's next resistance would be January 23’s high at 17.38, followed by December 5’s 17.56. Once those levels are surpassed, look for a test of the 18.00 handle.
On the other hand, if the exotic pair drops below the 100-day SMA at 17.03, the 17.00 mark is up next. Once cleared, the next support would be the 50-day SMA at 16.81
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Belum ada komentar. Jadil yang pertama untuk membagikan komentar.