MNI BRIEF: Canada Debt Management Strategy Highlights

CANADA BUDGETS 2024-25 DEFICIT OF CAD39.8B OR 1.3% OF GDP

MNI BRIEF: BOC's Macklem - Inflation Moving In Right Direction

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

AUDUSD Falls To Fresh 5-Month Low, USDMXN Rises Above 17.00

EZ/UK Bond Supply Calendar: Greece, Italy, UK, Germany Wednesday

EZ/UK T-Bill Calendar: Portugal, EU Auction Wednesday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - USDMXN Resumes Its Downtrend

LATAM FX
  • USDMXN is trading lower today, extending yesterday’s sharp sell-off. The pair has breached support at 18.5667, the Jan 18 low. This marks an important break as it cancels a recent bullish signal and confirms a resumption of the primary downtrend. The focus is on 18.4767, the 1.618 projection of the Jul 14 - Sep 12 - Sep 28 price swing. The 1.764 projection lies at 18.2869. Initial resistance is at 18.9122, the Jan 26 high
  • USDBRL has traded lower today extending the January bear leg. The pair has breached support at 5.0108, the Aug 29/30 low and a key support. The break represents an important bearish development and confirms a broad range breakout. This opens 4.8853, the 76.4% retracement of the May 30 - Jul 21 2022 bull leg. Initial firm resistance has been defined at 5.1408, the Jan 31 high.
  • The USDCLP outlook remains bearish and the pair is trading lower today, delivering a fresh trend low once again. The break lower this week confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. The 800.00 handle has been breached and this opens 771.89, the Mar 29 2022 low. On the upside, initial resistance is seen at 818.48, the 20-day EMA.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.