Today
+0.03%
5 Days
-1.32%
1 Month
-3.56%
6 Months
-10.07%
Year to Date
-9.94%
1 Year
+2.76%
Opening Price
18.71485Previous Closing Price
18.73261The 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 negative.
above 18.7631, look for 18.8177 and 18.8502.
the downside prevails as long as 18.7631 is resistance
The Mexican Peso is trading with marginal gains on Friday, appreciating for the fifth consecutive day and on track to a 2.4% weekly rally as the US Dollar weakness has offset the impact of a 50 bps rate cut by the Bank of Mexico.
On Thursday, Banco de Mexico decided to reduce interest rates by 50 basis points, leaving the main interest rate near 8%. The decision was not unanimous, as the Deputy Governor, Jonathan Heath, voted to hold rates unchanged at 8.50%.
USD/MXN remains under pressure after confirming a breakdown from a multi-month consolidation. With a rounding top in place and resistance capped at 19.44, the pair appears poised to resume its downtrend toward key support levels, Société Générale's FX analysts note.
Today, the Mexican central bank (Banxico) is widely expected to cut interest rates by a further 50 basis points to 8%. In a Bloomberg survey, only two economists predict a smaller cut of 25 basis points.
Banco de México (Banxico) is projected to continue its easing cycle next week, despite the latest inflation reports in Mexico suggesting that risks are tilted to the upside. Inflation in May came above the bank’s 3% target, increasing concerns that the central bank would continue to reduce rates.
The USD/MXN pair gathers strength to around 19.05, snapping the two-day losing streak during the early European session on Friday. The risk-off sentiment amid escalating Israel-Iran tensions exerts some selling pressure on the Mexican Peso (MXN) against the Greenback.
