USD/MXN could test 18.00 for the first time since April 2018 – SocGen USDMXN Mexico Banks
this year. Economists at Société Générale believe that the USD/MXN pair could break below the 18.00 level.“USD/MXN rallied yesterday to 18.07 and a test of 18.00 could follow for the first time since April 2018.”
“Daily MACD is within deep negative territory denoting an overstretched move. An initial rebound is not ruled out however 50-DMA at 18.85/19.00 is expected to cap. Holding below this hurdle, there is a risk of continuation in the decline.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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