30 Apr 2015
USD/MXN erases weekly losses
FXStreet (Córdoba) - The Mexican peso is dropping sharply against the US dollar on Thursday and in a few hours erased weekly gains. USD/MXN bottomed yesterday at 15.142, the lowest level since April 17 and today climbed to 15.405.
The pair rose from 15.25 to 15.40 in a few horus as the US dollar rallied across the board after the relase of US economic data. Now the pair is back at the levels it had at the beginning of the week and back to positive ground for April.
USD/MXN technical levels
To the upside, resistance levels might lie at 15.415 (daily high), 15.495 (Apr 21 high) and 15.565. On the opposite direction support now might lie at 15.300, 15.233 and 15.205 (daily low).
The pair rose from 15.25 to 15.40 in a few horus as the US dollar rallied across the board after the relase of US economic data. Now the pair is back at the levels it had at the beginning of the week and back to positive ground for April.
USD/MXN technical levels
To the upside, resistance levels might lie at 15.415 (daily high), 15.495 (Apr 21 high) and 15.565. On the opposite direction support now might lie at 15.300, 15.233 and 15.205 (daily low).