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USD/MXN came in motion

USD/MXN came in motion

Information is not investment advice

USD/MXN fell for three days in a row, dived below 50-day MA (19.15) and closed yesterday below the support line going through 2018 lows (19.04). The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting. If the pair slides below 19.00, the next level to watch on the downside will be 18.90 (100-week MA) ahead of 18.75. To recover to 19.15, USD/MZN needs to return above 19.07.

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USD/JPY: a SELL opportunity

USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.

USD/CAD looks vulnerable

USD/CAD reversed down from 1.2865 last week and formed a candlestick with a long upper wick on the W1.

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