USD/MXN reaches above April high levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Despite reaching below the 2021 low level zone in late May and early June, the USD/MXN rate did not sharply decline. At the start of June the markets found out that the US Consumer Price Index inflation measure is still at record highs. The fact indicated that the US Federal Reserve is set to increase US base interest rates for the US Dollar higher than expected. The event caused a surge of the US Dollar, which reached above the April high level and the 20.50 mark.

On June 15, the US Federal Reserve hiked interest rates by 0.75% and hosted a press conference. During the events and on June 16, the pair has been highly volatile in the 20.23/20.70 area. Meanwhile, the pair ignored the 200-day simple moving average at 20.45 and the 20.50 level.

In regards to the near term future, the pair could surge and test the resistance of the 2022 channel down pattern near 20.75. Above the trend line note the 20.85/21.00 zone, which has acted both as support and resistance.

On the other hand, a decline of the US Dollar against the Mexican Peso could look for support in the combination of the 20.00 level and the 50-day simple moving average, prior to once again approaching the 2021 low level zone at 19.60/19.80 and the 2022 low level at 19.43
Back to articles

Actual Topics

Tue, 19 Jul 2022 10:56:21 GMT

US stocks respect moving average

Since the last review of the USA 500 stock index on June 14, the rate tested and shortly reached below the support of the zone at 3,660.00/3,675.00. The index revealed that the 3,640.00 mark is acting as resistance. In the aftermath of the event, the stocks recovered and have been trading around the 3,800.00 mark in an almost 200

Thu, 16 Jun 2022 11:33:57 GMT

BTC reaches 2020 high level

The decline of Bitcoin continues, as the rate has reached below the 25,000.00 mark. On June 15, the cryptocurrency hit the 2020 high level at 20,100.00, which acted as support. On June 16, the price was once again heading to the previous high and the 20,000.00 mark. A move below the 20,000.00 level could look for support in various levels.

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.