Select Language

USD/MXN can try to reclaim recent pivot high at 20.40 - Société Générale

Breaking news

USD/MXN can try to reclaim recent pivot high at 20.40 - Société Générale

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.03.17 19:58
USD/MXN can try to reclaim recent pivot high at 20.40 - Société Générale

update 2025.03.17 19:58

USD/MXN has breached the lower limit of its multi-month range denoting risk of persistence in decline, Société Générale's FX analysts note. 

USD can also fall towards 19.57 and 19.35

"Next layer of support is located at 19.75/19.68 representing the 200-DMA. Daily MACD is within deep negative territory highlighting a stretched down move. It will be interesting to see if the pair can attempt a bounce and reclaim recent pivot high at 20.40. Inability to defend the MA at 19.68 can result in a deeper pullback towards next projections at 19.57 and 19.35."
 


Date

Created

 : 2025.03.17

Update

Last updated

 : 2025.03.17

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Gold price climbs further beyond $3,000, fresh all-time peak and counting

Gold price (XAU/USD) scales higher for the second straight day - also marking its fifth day of a positive move in the previous six - and hits a fresh record high, around the $3,010 region during the Asian session on Tuesday.
New
update2025.03.18 13:16

GBP/USD moves below 1.3000, downside seems limited as US Dollar remains vulnerable

GBP/USD retreats after gaining in the previous session, hovering around 1.2970 during Asian trading on Tuesday.
New
update2025.03.18 12:11

USD/INR posts modest gains amid rising geopolitical tensions

The Indian Rupee (INR) softens on Tuesday. A rise in crude oil prices amid the escalating geopolitical tensions in the Middle East weighs on the local currency.
New
update2025.03.18 11:46

USD/CAD trades with positive bias around 1.4300; upside seems limited ahead of Canadian CPI

The USD/CAD pair edges higher during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak to over a one-week low, around the 1.4275 region touched the previous day.
New
update2025.03.18 11:36

Gold Price Forecast: XAU/USD rises above $3,000 to record highs amid safe-haven demand

Gold price (XAU/USD) surged to a record high of $3,005 per troy ounce during Asian trading hours on Tuesday, driven by strong safe-haven demand amid ongoing trade tariff uncertainty and geopolitical tensions.
New
update2025.03.18 11:21

Japanese Yen weakens to two-week low against USD; focus remains on BoJ-Fed meetings

The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day on Tuesday, lifting the USD/JPY pair to a nearly two-week high, above mid-149.00s during the Asian session.
New
update2025.03.18 11:17

Japan's Kato: Bond markets should decide on rate moves

Speaking at a news briefing on Tuesday, Japan's Finance Minister Katsunobu Kato said that "we will respond appropriately bearing in mind that the market should be allowed to decide market moves." He further noted that "bond markets should decide on rate moves" after the 40-year government debt yield briefly jumped to a record high.
New
update2025.03.18 11:07

Australian Dollar rises as US Dollar weakens amid growing economic concerns

The Australian Dollar (AUD) gains ground for the third successive session on Tuesday.
New
update2025.03.18 10:37

Israel strikes in response to Hamas not releasing hostages

A statement from Israeli Prime Minister Benjamin Netanyahu's office said on Tuesday that Israel resumes military operations against Hamas across the Gaza Strip, per Reuters.
New
update2025.03.18 10:33

WTI edges higher above $67.00 on heightened geopolitical risks

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.30 during the early Asian session on Tuesday.
New
update2025.03.18 10:18

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel