USD/MXN Trading Analysis and Market Trends - 08/07 Updates
Monday, 8 July 2024, 09:26
USD/MXN Analysis Overview
The USD/MXN pair is in focus as it trades near 18.07400, signaling a prevailing lower range.
Key Points
- Bearish Signals: Traders are observing bearish tendencies in the market.
- Resistance and Support Levels: Resistance seen at 18.08200 while support stands at 18.06300.
- Upcoming Events: Market participants eye Powell's speech and CPI data for potential market shifts.
Conclusion: The analysis provides insights into the current USD/MXN market trends, highlighting the importance of key resistance and support levels along with upcoming significant market events.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.