USD/MXN rebound has faltered near recent pivot high of 17.42. Economists at Société Générale analyze the pair’s technical outlook. A pullback can be e
USD/MXN rebound has faltered near recent pivot high of 17.42. Economists at Société Générale analyze the pair’s technicalDaily MACD is struggling to maintain above its trigger denoting lack of steady upward momentum. Short-term, a pullback can be expected towards 16.80, the 76.4% retracement of recent bounce. If the pair fails to defend this, one more down leg can’t be ruled out.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/MXN Price Analysis: Bears have the upper hand below 200-hour SMAThe USD/MXN pair struggles to gain any meaningful traction on Monday and oscillates in a narrow band, around the 17.0500 area through the Asian sessio
Baca lebih lajut »
USD/MXN sees uptick amid China’s economic concerns, ahead Powell’s Jackson Hole speechUSDMXN registers minimal gains even though a risk-on impulse would usually underpin the emerging market currency. Monday’s light economic calendar wou
Baca lebih lajut »
GBP/USD: Clear break above 1.2820 targets a move to the low 1.30sGBP/USD consolidates in a tight range below 1.2750. Economists at Scotiabank analyze the pair’s technical outlook. Support aligns at 1.2620 (double bo
Baca lebih lajut »
GBP/USD to rally toward 1.3020 on a break above 1.2820GBP/USD holds in high 1.27s. Economists at Scotiabank analyze the pair’s technical outlook. More sideways range trading on failure to push on through
Baca lebih lajut »
USD/MXN Price News: Peso snaps four-day uptrend near 17.00 on US-Mexico trade dispute over GM cornUSD/MXN bears take a breather around 17.00, positing the first daily positive in five amid concerns about the US–Mexico trade disputes. That said, the
Baca lebih lajut »