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USD/MXN eyes 10-DMA by 15.5065 ahead of the Fed

USD/MXN likely rallies as Fed poised to hike in Sep/Oct, Banxico steady Trades in tight 15.40/46 range, USD bid vs DM on Grexit fears Above 100-HMA 15.4359, eyes 10-DMA 15.5065 then daily tenkan 15.5580, support 15.3998 …

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  • USD/MXN likely rallies as Fed poised to hike in Sep/Oct, Banxico steady

  • Trades in tight 15.40/46 range, USD bid vs DM  on Grexit fears

  • Above 100-HMA 15.4359, eyes 10-DMA 15.5065 then daily tenkan 15.5580, support 15.3998 21-DMA

  • Japan banks buy USD/MXN overnight (hedges), offers 15.47 ahead of 15.4877 pivot

  • Higher USTs & oil provide small lift for peso, FOMC begins today presser Wed

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