Free Trial

Timeline of key events (Times BST)


Bearish Threat Remains Present


Through Last Week’s Highs


Challenging The 20-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • USDMXN is trading lower again today.
    • The pair has confirmed a clear break of trendline support drawn off the Jan 21 low. The line intersects at 20.5644 today.
    • Attention turns to support at the Mar 18 low of 20.2829 where a break would strengthen a bearish argument and expose the 20.00 handle.
    • On the upside, resistance is seen at 20.7883, Mar 289 ahead of the key level at 20.9695, Mar 24 high.
  • A sharp sell-off yesterday in USDBRL is considered corrective with the bull theme still in place. This follows strong gains between Mar 19 - 29. Attention is on 5.8743, Mar 9 high.
    • On the downside, a move below 5.4499, Mar 19 is required to reinstate a bearish threat.
    • Initial support however lies at 5.5861, 61.8% retracement of the Mar 19 - 29 rally.
  • USDCLP remains below resistance at 743.10, Mar 8 high. Support has been defined at 713.97, Mar 22 low where a break is required to reinstate a bearish threat. On the upside, clearance of 743.10, Mar 8 high would expose 751.20, Jan 13 high.
MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.