28 Apr 2015
USD/MXN breaks below 15.300
FXStreet (Córdoba) - The Mexican peso is posting important gains against the US dollar on Tuesday and reached the highest level in a week.
USD/MXN broke the 15.300 barrier and accelerated to the downside. The pair bottomed at 15.189 and then bounced to the upside, trimming losses. It was trading around 15.245, headed toward the lowest close since April 17. A weak greenback across the board pushed USD/MXN to the downside.
USD/MXN levels to watch
To the downside support levels might lie at 15.190 (daily lows), 15.109 (Apr 16, 17 low) and 15.075. On the opposite direction, resistance could be located at 15.285 (Apr 23 low), 15.450 and 15.500.
USD/MXN broke the 15.300 barrier and accelerated to the downside. The pair bottomed at 15.189 and then bounced to the upside, trimming losses. It was trading around 15.245, headed toward the lowest close since April 17. A weak greenback across the board pushed USD/MXN to the downside.
USD/MXN levels to watch
To the downside support levels might lie at 15.190 (daily lows), 15.109 (Apr 16, 17 low) and 15.075. On the opposite direction, resistance could be located at 15.285 (Apr 23 low), 15.450 and 15.500.