The USD/MXN daily chart is displaying signs of continued weakness:
Downtrend Intact: The pair trades firmly below its 50-day and 200-day moving averages, reinforcing bearish control.
MACD Bearish: Momentum remains to the downside with the MACD line below zero and the signal line.
Key Support Zones: Price is approaching horizontal support at 19.07; a break could expose 18.58 as the next downside target.
Resistance to Watch: Former support near 19.49 now acts as initial resistance.
RSI Holding Lower: The RSI is drifting below 40, showing bearish momentum without reaching oversold territory.
If the pair closes below 19.07, it may accelerate the bearish trend toward the 18.58 handle.
-MW
Downtrend Intact: The pair trades firmly below its 50-day and 200-day moving averages, reinforcing bearish control.
MACD Bearish: Momentum remains to the downside with the MACD line below zero and the signal line.
Key Support Zones: Price is approaching horizontal support at 19.07; a break could expose 18.58 as the next downside target.
Resistance to Watch: Former support near 19.49 now acts as initial resistance.
RSI Holding Lower: The RSI is drifting below 40, showing bearish momentum without reaching oversold territory.
If the pair closes below 19.07, it may accelerate the bearish trend toward the 18.58 handle.
-MW
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.