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WirePro: USD/ MXN buoyancy keeps consolidation intact

• USD/MXN held steady on Tuesday  as the dollar was elevated by U.S. Treasury yields as investors bet on fewer Federal Reserve rate cuts in 2025.

• U.S. Treasury yields rose overnight, with the 10-year yield hitting its highest level in nearly seven months, driven by increased debt supply amid low trader activity.

• Looking ahead, investors are bracing for changes in tariffs, deregulation, and tax policy in 2025, as Trump’s return to the White House in January could impact markets.

• At GMT 16:35, the dollar was up 0.10% against the dollar Mexico's peso   at 20.184

•  Immediate resistance is located at 20.231 (38.2%fib), any close above will push the pair towards 20.378(23.6%fib).

•  Support is seen at 20.132(50%fib) and break below could take the pair towards 20.012(61.8%fib).

Recommendation: Good to buy  around 20.170, with stop loss of 20.000 and target price of 20.300

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