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27 Jan 2015
USD/MXN around 14.57 after-data
FXStreet (Edinburgh) - The Mexican peso keeps its strength vs. the US dollar today, with USD/MXN transiting the 14.5780/90 band.
USD/MXN extends the weekly decline
Spot is losing ground for the second consecutive session following the better sentiment in the risk-associated universe. The peso is stronger after the Mexican trade balance posted a $0.254 billion surplus during December, reverting the previous $1.076 billion deficit.
In the same direction, poor results from the US Durable Goods Orders in December are collaborating with the offered tone in the USD; house prices tracked by the S&P/Case-Shiller index rose 4.3% on a year to November, matching estimates.
USD/MXN levels to consider
As of writing the pair is down 0.12% at 14.5821 with the next support at 14.5540 (low Jan.16) ahead of 14.3770 (low Dec.17 2014) and then 14.2292 (50-d MA). On the upside, a surpass of 14.6914 (21-d MA) would open the door to 14.8697 (Banxico Intervention level) and finally 14.9940 (high Jan.6).
USD/MXN extends the weekly decline
Spot is losing ground for the second consecutive session following the better sentiment in the risk-associated universe. The peso is stronger after the Mexican trade balance posted a $0.254 billion surplus during December, reverting the previous $1.076 billion deficit.
In the same direction, poor results from the US Durable Goods Orders in December are collaborating with the offered tone in the USD; house prices tracked by the S&P/Case-Shiller index rose 4.3% on a year to November, matching estimates.
USD/MXN levels to consider
As of writing the pair is down 0.12% at 14.5821 with the next support at 14.5540 (low Jan.16) ahead of 14.3770 (low Dec.17 2014) and then 14.2292 (50-d MA). On the upside, a surpass of 14.6914 (21-d MA) would open the door to 14.8697 (Banxico Intervention level) and finally 14.9940 (high Jan.6).