17.907USD
Today
-0.02%
5 Days
+0.31%
1 Month
+4.35%
6 Months
-3.05%
Year to Date
-0.55%
1 Year
-10.68%
Opening Price
17.904Previous Closing Price
17.910The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

The configuration is positive.
below 17.7376, expect 17.6638 and 17.6199.
the upside prevails as long as 17.7376 is support
Banco de México, known as Banxico due to its Spanish acronym, unexpectedly cut the country’s main interest rate from 7% to 6.75%.

Commerzbank analysts Michael Pfister and Norman Liebke report that the Bank of Mexico (Banxico) is expected to leave rates unchanged, with markets no longer pricing cuts in the near term after the Iran conflict.

Societe Generale analysts note that USD/MXN has formed an interim low near 17.10 and is in a short-term rebound within a broad consolidation. The 18.00/18.20 area, aligned with the 200-DMA and January peak, is highlighted as key resistance.

A Reuters poll revealed that the Bank of Mexico — also known as Banxico for its Spanish acronym — is expected to keep interest rates steady at 7% at the March 26 meeting amid concerns about the Middle East war.

Commerzbank’s Michael Pfister and Norman Liebke argue that, after strong gains versus the Dollar, the Brazilian Real faces more downside risks than the Mexican Peso.

The Mexican Peso depreciates sharply as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar. Additionally, solid jobs data in the US decreased the chances that the Federal Reserve might cut rates twice this year.

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