13 Feb 2015
USD/MXN capped by 15.0000
FXStreet (Edinburgh) - After hitting fresh highs in the 15.0000 neighbourhood, USD/MXN sparked a leg lower to the 14.83 area although recovering some pips now.
USD/MXN down with the dollar
The pair’s upside lost momentum in the vicinity of the critical barrier at 15.0000 today, falling since then along with a weaker US dollar and against the backdrop of a better risk sentiment and a recovery in the crude oil prices.
Empty docket in the Aztec economy left the highlights for the US calendar, where Export and Import Prices prolonged its decline and the Reuters/Michigan index dropped to 93.6 in its preliminary gauge for the current month.
USD/MXN levels to watch
At the moment the pair is down 0.24% at 14.8802 with the initial support at 14.8367 (low Feb.13) ahead of 14.7762 (21-d MA). On the flip side, a break above 15.0090 (high Feb.13) would expose 15.1555 (high Feb.11).
USD/MXN down with the dollar
The pair’s upside lost momentum in the vicinity of the critical barrier at 15.0000 today, falling since then along with a weaker US dollar and against the backdrop of a better risk sentiment and a recovery in the crude oil prices.
Empty docket in the Aztec economy left the highlights for the US calendar, where Export and Import Prices prolonged its decline and the Reuters/Michigan index dropped to 93.6 in its preliminary gauge for the current month.
USD/MXN levels to watch
At the moment the pair is down 0.24% at 14.8802 with the initial support at 14.8367 (low Feb.13) ahead of 14.7762 (21-d MA). On the flip side, a break above 15.0090 (high Feb.13) would expose 15.1555 (high Feb.11).