Friday, October 16, 2026

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USD/MXN moves lower as oil rallies, 30-HMA supports

Source: Thomson Reuters Safe haven's oil/gold rises on increased Mideast tension (Saudi/Yemen) Higher oil lifts the peso, USD/MXN opens NorAm at 15.00, moves lower as oil rallies +3.5% USD/MXN support lies at 30-HMA by 1…

By Jay L. Zagorsky
1 min read
USD/MXN moves lower as oil rallies, 30-HMA supports
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Source: Thomson Reuters


  • Safe haven's oil/gold rises on increased Mideast tension (Saudi/Yemen)

  • Higher oil lifts the peso, USD/MXN opens NorAm at 15.00, moves lower as oil rallies +3.5%

  • USD/MXN support lies at 30-HMA by 14.9658, 14.9485 daily pivot, 14.9128 cloud top

  • Resistance at 15.0165 today's high, 15.0520 50% Fib of 14.435-15.669 range

  • Banxico expected to leave overnight rate steady at 3%, outlook for hikes as US lifts

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By FxWirePro Team