USD/MXN jumps to 5-week highs above 19.40
From a technical perspective, the USD/MXN turned bullish on Monday after breaking a multi-day range above 19.20. It rose initially to 19.32 and then pulled back to 19.20 before resuming the upside.
The next target is seen around 19.45/50. The mentioned area could limit the upside, but if it continues to rise on top, 19.75 is the next strong resistance.
The next target is seen around 19.45/50. The mentioned area could limit the upside, but if it continues to rise on top, 19.75 is the next strong resistance.
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