Mexican Peso Outlook: USD/MXN Wavers as Traders Look to Fed for Taper Clues
2021-07-26 20:30:00
Diego Colman,
Market Analyst
USD/MXN FORECAST:
The Mexican peso starts the week with a neutral bias despite broad-based U.S. dollar weakness reflected in the DXY Index
USD/MXN oscillates between small gains and losses, but continues to trade between horizontal resistance at 20.20 and short-term trend line support near 19.85
In this article we present the most important technical levels for USD/MXN in the coming days
Advertisement
USD/MXN started the week with a largely neutral bias despite broad-based dollar weakness reflected in the DXY Index, even as concerns over rising COVID-19 cases and fragile market sentiment persisted. At the New York close, the pair was broadly flat, trading around the 20.00 mark.