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USD/MXN slips to days low by 15.4550 on profit taking

Source: Thomson Reuters USD/MXN slips to days low by 15.4550, pace of USD gains may hinder recovery Mexico's stability council - decline in oil, US rate hikes risks for Mex economy Position lightening pre-Fed tipped, pat…

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USD/MXN slips to days low by 15.4550 on profit taking
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Source: Thomson Reuters


  • USD/MXN slips to days low by 15.4550, pace of USD gains may hinder recovery

  • Mexico's stability council - decline in oil, US rate hikes risks for Mex economy

  • Position lightening pre-Fed tipped, patience likely drops, mid-yr hike expected

  • USD/MXN resistance at 14.5066 100-HMA, 15.5190 upper 21-h Bolli, 15.5630 Fri high

  • Support seen at 15.4555 50-HMA, 15.3778 23.6% Fib of 14.435/15.669

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