Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.042
Sell
RSI(14)
25.724
Sell
STOCH(KDJ)(9,3,3)
10.247
Oversold
ATR(14)
0.075
Low Volatility
CCI(14)
-122.001
Sell
Williams %R
93.040
Oversold
TRIX(12,20)
-0.110
Sell
StochRSI(14)
0.000
Oversold
Search
USD/MXN
Add to Watchlist
16.917
-0.031-0.18%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
-0.18%
5 Days
-0.60%
1 Month
-2.76%
6 Months
-1.11%
Year to Date
-6.05%
1 Year
-9.79%
Key Data Points
Opening Price
16.943Previous Closing Price
16.948Recent
Analysis
Mexican Peso reaches two-year high despite weaker Retail Sales
The Mexican currency appreciates to levels last seen in May 2024 as the USD/MXN falls to a two-year low as the US Dollar tumbles even though business activity in the services sector improved. The exotic pair trades at 16.92, down 0.22% for the week and 0.50% for the week.
Fxstreet7 hours ago
Mexican Peso holds firm as Banxico minutes supports the Peso
The Mexican Peso holds firm versus the Greenback as Banxico adopted a cautious stance regarding monetary policy, while jobs data in the US revealed that the labour market is stable. The USD/MXN pair exchanges hands at 16.95, virtually unchanged.
FxstreetThu, Aug 20
Banxico minutes signals long rate pause as inflation eases
The minutes of the Bank of Mexico (Banxico) August’s August meeting revealed that the central bank is expected to hold rates steady for some time, despite the resumption of the disinflation process.
FxstreetThu, Aug 20
Mexican Peso rallies to two-year high on US Treasury buyback
The Mexican Peso rallies to a two-year high of 16.94 as the US Dollar weakens amid falling US yields, which retreated after the US Treasury doubled the size of its long-duration bond buyback. The USD/MXN trades at 16.95, down 0.27%.
FxstreetWed, Aug 19
Mexican Peso dips on Middle East tensions, eyes on FOMC minutes
The Mexican Peso loses some ground on Tuesday, depreciating by about 0.16% against the US Dollar as investors await the release of the Federal Reserve’s last meeting minutes, with a resolution of the US-Iran conflict remaining unlikely.
FxstreetTue, Aug 18
Mexican Peso softens as Middle East risks boosts the US Dollar
The Mexican Peso weakens against the US Dollar on Monday, with USD/MXN reclaiming the 17.00 level, even though the latest US inflation and Retail Sales data disappointed investors. The USD/MXN trades at 17.03, after hitting a weekly low of 16.99.
FxstreetMon, Aug 17
Indicators
The 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.
Sell
Moving Average
Indicators
Value
Direction
MA5
16.978
Sell
MA10
17.020
Sell
MA20
17.166
Sell
MA50
17.330
Sell
MA100
17.336
Sell
MA200
17.552
Sell
USD/MXN Trading Strategy
Intraday
Short Term
Trading Strategy
The downside prevails as long as 16.9491 is resistance, with 16.8528 and 16.8286 as targets
Alternative scenario
above 16.9491, look for 16.9898 and 17.0140.
Comment
The downside prevails as long as 16.9491 is resistance, with 16.8528 and 16.8286 as targets
18 hours ago
Source: Trading Central(Reference Only)
More Details of USD/MXN
USDMXN refers to the exchange rate between the US Dollar (USD) and the Mexican Peso (MXN). This currency pair is significant for businesses and investors engaged in trade and investment between the United States and Mexico. The value of USDMXN is influenced by various factors, including economic indicators from both countries, interest rate differentials, inflation rates, and geopolitical developments. The pair is known for its volatility, making it a popular choice for traders looking to capitalize on price fluctuations in the forex market.
What are the risks associated with trading USDMXN?
Trading USDMXN carries risks such as currency volatility, economic instability in Mexico, and geopolitical tensions. Traders should also consider the impact of trade relations and liquidity risks in the forex market.
How do interest rates affect USDMXN?
Interest rate differentials between the US and Mexico can impact the USDMXN exchange rate. If the Federal Reserve raises rates while the Bank of Mexico keeps its rates steady or lowers them, the USD may strengthen against the MXN, and vice versa.
How can I keep track of the USD/MXN exchange rate?
You can monitor the USD/MXN exchange rate through various sources:
Financial News Websites: Many websites provide real-time currency exchange rates.
Forex Brokers: These platforms offer up-to-date exchange rates and often provide tools for analysis.
Mobile Apps: Currency converter apps and financial apps can give you instant access to exchange rates.
Banks: Some banks offer currency exchange rate information to their customers.
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