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Falling 100-HMA at 15.3469 pressures USD/MXN lower

USD/MXN off overnight highs by 15.35, 100-HMA at 15.3469 exerts pressure on pair USD daiy pivot support at 15.3034, daily cloud top 15.25, May 15 low 14.9845 Resistance at 15.3337 daily pivot, 100-HMA 15.3459, above 50% …

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  • USD/MXN off overnight highs by 15.35, 100-HMA at 15.3469 exerts pressure on pair 

  • USD daiy pivot support at 15.3034, daily cloud top 15.25, May 15 low 14.9845 

  • Resistance at 15.3337 daily pivot, 100-HMA 15.3459, above 50% Fib at 15.4695 caps

  • Rising US yields and no resolution to Greek drama MXN headwinds

  • Mex inflation expected < target to YE, growth low, CB likely waits for Fed to move

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