USD/MXN tests resistance as momentum turns positive – Société Générale
FXStreetOct 15, 2025 8:47 AM
USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale's FX analysts note.
USD/MXN bounce faces key hurdle at 18.65
"USD/MXN has staged a bounce after carving out an interim low near 18.20 last month. It is still struggling to overcome the 50-DMA. Daily MACD has been posting positive divergence highlighting receding downward momentum."
"However, a break beyond recent pivot high of 18.65 will be crucial for confirming an extended bounce. Inability to cross 18.65 may denote a risk of one more leg of decline."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Microsoft Q1 Earnings Preview: AI-Powered Cloud Growth Fuels Wall Street’s “Zero Sell” Consensus
TradingKey - AI giant Microsoft (MSFT) will report its Q1 FY2026 earnings (natural Q3 2025) on October 29. While Microsoft’s stock has shown little movement since its last strong earnings beat, Wall Street analysts expect another quarter of AI-driven cloud growth outpacing peers, with EPSTradingKey
14 hours ago
Fed’s October Rate Cut: "Equity-Gold Allocation" as the Optimal Strategy – Stock ETFs or Individual Stocks? Gold ETFs or Gold Stocks?
TradingKey - Overbought technical conditions triggered profit-taking, driving the sharp declines in U.S. stocks on 10 October and gold on 21 and 27 October.TradingKey
15 hours ago
What Is Shiba Inu? Can Shiba Reach $1? SHIB Price Analysis and Forecast
Shiba Inu represents a novel asset class: born as a pure meme coin but evolving into an ecosystem with practical applications. SHIB’s future success depends on continued ecosystem development and effective deflationary mechanisms. Institutions generally see medium- to long-term growth potential, espTradingKey
21 hours ago
Fed October Meeting Preview: Rate Cuts to Break 4% and an Earlier End to QT
TradingKey - At the Federal Reserve meeting ending Wednesday, October 29, policymakers are widely expected to follow through on the rate-cutting path outlined in the September Summary of Economic Projections — delivering a 25-basis-point rate cut, the second of 2025. Simultaneously, with bankTradingKey
Mon, Oct 27
