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Mexican Peso Outlook: USD/MXN Plummets into Support– Bears Face NFP

Mexican Peso Outlook: USD/MXN Plummets into Support– Bears Face NFP 2021-04-01 19:30:00 Michael Boutros, Strategist Mexican Peso Technical Price Outlook: USD/MXN Near-term Trade Levels Mexican Peso updated technical trade levels – Daily & 120min Charts USD/MXN sell-off testing confluence support at March range lows– NFP on tap Key support at 20.2813/3454 into April open– Broader bearish invalidation 20.9572 Advertisement The Mexican Peso surged more than 6.2% against the US Dollarsince the March highs in USD/MXN with price now probing key support back at the monthly lows ahead of major US event risk tomorrow and amid thin holiday trading conditions. We’re looking for possible inflection off this zone in the days ahead. These are the updated targets and invalidation levels that matter on the USD/MXN technical price charts heading into April trade. Review my latest Strategy Webinar for an in-depth breakdown of this Peso setup and more.

Mexican Peso Outlook: USD/MXN Breakdown to Nine-month Lows

Mexican Peso Outlook: USD/MXN Breakdown to Nine-month Lows 2021-01-20 17:30:00 Michael Boutros, Strategist Mexican Peso Technical Price Outlook: USD/MXN Near-term Trade Levels Mexican Peso updated technical trade levels – Weekly & Daily Charts USD/MXN attempting to break January opening-range lows Key support 19.3496– Risk for further losses while below 20.2626 Advertisement The US Dollar is down more than 1% against the Mexican Peso this week with USD/MXN attempting to break below a multi-month range today. While the risk remains weighted to the downside, the decline is now approaching longer-term uptrend support just lower. These are the updated targets and invalidation levels that matter on the USD/MXN technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Peso setup and more.

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