Bullish
USD/MXN breaks 200-day moving average, signaling potential uptrend.
In the past 24 hours, USD/MXN has breached its 200-day moving average, a key technical indicator, suggesting a possible shift toward a bullish trend. Analysts from Societe Generale highlight this development, noting that the pair has reclaimed the 200-day moving average for the first time since April 2025. They anticipate further gains if the pair maintains levels above 17.40/17.35, with potential resistance at the June peak near 17.68 and projections around 17.80.
Key points
- USD/MXN breaks above 200-day moving average, indicating potential uptrend.
- Analysts suggest monitoring the 17.40/17.35 support levels for confirmation.
- Potential resistance identified at June peak near 17.68 and projections around 17.80.
Sources
AI-generated from public news sources. Not financial advice.
