26 May 2015
USD/MX off highs on data
FXStreet (Edinburgh) - The Mexican peso is recovering part of the ground lost o the greenback in early trade, now dragging USD/MXN to the 15.28 region.
USD/MXN testing 2-week tops
The pair keeps the trade in the upper end of the weekly range after US Durable Goods Orders excluding the Transportation sector rose more than previously estimated during the last month, bolstering further the upbeat momentum around the greenback.
In addition, Mexican retail sales surprised to the upside during March, advancing 0.2% inter-month and 5.5% over the last twelve months.
USD/MXN relevant levels
The pair is now gaining 0.23% at 15.2914 with the next resistance at 15.4297 (high May 12) followed by 15.4838 (high May 5) and finally 15.5935 (high May 1). On the other hand, a breakdown of 15.1843 (low May 22) would aim for 15.1328 (low May 21) and then 15.0737 (low May 19).
USD/MXN testing 2-week tops
The pair keeps the trade in the upper end of the weekly range after US Durable Goods Orders excluding the Transportation sector rose more than previously estimated during the last month, bolstering further the upbeat momentum around the greenback.
In addition, Mexican retail sales surprised to the upside during March, advancing 0.2% inter-month and 5.5% over the last twelve months.
USD/MXN relevant levels
The pair is now gaining 0.23% at 15.2914 with the next resistance at 15.4297 (high May 12) followed by 15.4838 (high May 5) and finally 15.5935 (high May 1). On the other hand, a breakdown of 15.1843 (low May 22) would aim for 15.1328 (low May 21) and then 15.0737 (low May 19).