11 Feb 2015
USD/MXN remains above 15.000
FXStreet (Edinburgh) - The Mexican peso extends its softer tone vs. the greenback on Wednesday, with USD/MXN around 15.0380.
USD/MXN ignores Mexican data
The pair kept the composure today following the results from the Mexican Industrial Production, showing a monthly contraction of 0.3% during December and a 3.0% expansion over the last twelve months. The pair continues to trade in record highs beyond the key barrier at 15.000 bolstered by the USD dynamics and the prospects of a rate hike by the Fed in the upcoming months.
USD/MXN key levels
As of writing the pair is gaining 0.45% at 15.0434 and a break above 15.0640 (high Jan.30) would expose 15.1900 (high Mar.12 2009). On the flip side, the initial support lines up at 14.7310 (low Feb.6) ahead of 14.7090 (21-d MA) and finally 14.5500 (low Jan.26).
USD/MXN ignores Mexican data
The pair kept the composure today following the results from the Mexican Industrial Production, showing a monthly contraction of 0.3% during December and a 3.0% expansion over the last twelve months. The pair continues to trade in record highs beyond the key barrier at 15.000 bolstered by the USD dynamics and the prospects of a rate hike by the Fed in the upcoming months.
USD/MXN key levels
As of writing the pair is gaining 0.45% at 15.0434 and a break above 15.0640 (high Jan.30) would expose 15.1900 (high Mar.12 2009). On the flip side, the initial support lines up at 14.7310 (low Feb.6) ahead of 14.7090 (21-d MA) and finally 14.5500 (low Jan.26).