USD/MXN breaks key support zone – Société Générale
USD/MXN has broken below a key consolidation range, forming a bearish rounding top pattern and signaling further downside risks toward multi-month lows, Société Générale's FX analysts note.
Rebound likely capped below 19.85
"USD/MXN broke the lower limit of a multi-month consolidation and has formed a rounding top pattern which generally points towards potential downside. It is now challenging the trough of last week near 19.30."
"If a brief rebound develops, lower end of previous range at 19.67/19.85 could cap upside. Next objectives could be located at last September / October lows of 19.10/19.00 and 18.70."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Recommended Articles
Featured Tools
Top News
Meme Stocks Reappear. Avis Shares Reach New Highs Amid Short Squeeze. Can Retail Investors Still Buy?

Tesla Q1 2026 Earnings Preview: 50,000-Unit Inventory Overhang, Energy Storage Halved, 5 Core Metrics Long-Term Investors Should Really Watch

Bitmine 2030 Stock Price Prediction: Why Did BMNR Stock Price Fall? How High Will It Rise in the Future?

Strike Threat Could Cost 30 Trillion Won, Can Samsung’s Stock Rally Last?

NVDA Stock vs Micron Technology Stock: Why AI Memory Demand Could Outpace Nvidia’s Next Growth Phase

Tradingkey






