USDMXN chart by TradingView


This is the forex quote for the U.S. Dollar against the Mexican Peso. In this quote, the value of one USD (the 'base currency') is quoted in terms of MXN (the 'counter currency'). Mexico's geographic proximity to the US and its membership in the North American Free Trade Agreement (NAFTA) makes it highly responsive to economic developments in the world's largest consumer market. As a typically higher-yielding currency, the Peso is found to be attractive at times when investors are optimistic about the state of the global economy and prioritize returns over safety. This can make USD/MXN sensitive to swings in broad-based market sentiment trends.


Peso Losses to Accelerate - USD/MXN Targets Critical Resistance

The rebound is approaching a near-term resistance confluence which if broken could fuel a larger scale recovery. Here are the updated targets & invalidation levels that matter.
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Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bullish MXN On Hunt For Yield Extending
Expertise: Technical Analysis, Macro Themes, Sentiment
Average Time Frame of Trades: 2-5 Weeks

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