The peso has been consolidating its sharp declines over the past week with USDMXN remaining buoyant above the 19.00 level.
Monday’s sharp rally marked an extension of the recent recovery. Technically, price has breached both the 20- and 50-day EMAs and the next key short-term resistance is at 19.2906, the Feb 6 high.
A break would pave the way for strength towards the 19.50 handle and 19.5882, the Dec 30 high. 18.5265, the 20-day EMA, is the first support to watch.

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The peso has been consolidating its sharp declines over the past week with USDMXN remaining buoyant above the 19.00 level.
Monday’s sharp rally marked an extension of the recent recovery. Technically, price has breached both the 20- and 50-day EMAs and the next key short-term resistance is at 19.2906, the Feb 6 high.
A break would pave the way for strength towards the 19.50 handle and 19.5882, the Dec 30 high. 18.5265, the 20-day EMA, is the first support to watch.

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USDMXN Consolidating Gains Above 19.00