11 May 2015
USD/MXN rebounds sharply from 1-month lows
FXStreet (Córdoba) - ">USD/MXN is rising sharply on Monday recovering part of last week losses. On Friday the pair dropped to 15.104 reaching the lowest level since April 10 and finished slightly above 15.100. Today it bounced sharply approaching Friday’s highs.
On American hours peaked at 15.308 and currently trades at 15.304, up 1.20% for the day, having the best performance in more than a month. On Tuesday, industrial production data from March will be released in Mexico.
USD/MXN technical levels
To the upside immediate resistance lies at 15.330, followed by the key 15.400 area, and 15.490. To the downside, support might lie at 15.250, 15.195 and 15.095.
On American hours peaked at 15.308 and currently trades at 15.304, up 1.20% for the day, having the best performance in more than a month. On Tuesday, industrial production data from March will be released in Mexico.
USD/MXN technical levels
To the upside immediate resistance lies at 15.330, followed by the key 15.400 area, and 15.490. To the downside, support might lie at 15.250, 15.195 and 15.095.