USD/MXN to head lower as holding below last week’s peak at 17.60 – SocGen USDMXN Technical Analysis Banks
The Mexican Peso rallied to 17.26 against the USD, the strongest level since May 2016. Economists at Société Générale analyze USD/MXN technicalUSD/MXN failed to overcome its 50-DMA near 18.00 recently and has cut below the low of last month denoting resumption in downtrend.
Holding below the peak formed last week near 17.60, the pair is expected to head lower. Next potential objective is at 2016 low of 17.10/16.95. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/MXN Price Analysis: Languishes near multi-year low, seems vulnerable below mid-17.00sThe USD/MXN pair continues with its struggle to register any meaningful recovery and oscillates in a range near its lowest level since May 2016 touche
Read more »
USD/MXN: Some Peso stability in the short-run and moderate weakening ahead – MUFGIn May, the MXN appreciated marginally from 18.005 to 17.718 against the USD. Economists at MUFG Bank discuss USD/MXN outlook. Peso unlikely to weaken
Read more »
Exhibition at National Museum of Mexican Art Places Native Mexican Culture Front and CenterWhat does it mean to be a native Mexican after centuries of colonization? And how do those cultures present themselves today, despite efforts at their erasure? Those are the questions at the heart of “Los Huecos del Agua” at ExploreNMMA.
Read more »
USD/MXN Price Analysis: Retreats towards multi-month low near 17.25 even as RSI prods Mexican Peso bullsUSD/MXN Price Analysis: Retreats towards multi-month low near 17.25 even as RSI prods Mexican Peso bulls USDMXN Technical Analysis ChartPatterns SupportResistance TrendFollowing
Read more »
GBP/USD: Break below 1.2300 can lead to a deeper decline – SocGenEconomists at Société Générale analyze GBP/USD technical outlook. 1.2300 support is crucial to avert deeper pullback GBP/USD up move faltered near the
Read more »
Brent Oil: Break below $70 could accelerate decline to $65/63 – SocGenBrent downtrend has stalled after forming an interim trough near $70 in March. Economists at Société Générale analyze Brent Crude Oil technical outloo
Read more »