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6 Feb 2013
Forex: USD/MXN retraces from highs after Mexican data
The Mexican peso experienced a bout of strength after the domestic Consumer Confidence hit 100 during January, beating both expectations and December’s print at 99.5 and 99.0, respectively. After climbing as high as the boundaries of 12.7000, the pair retreated to the area around 12.6600 in the wake of the release.
At the moment, USD/MXN is up 0.30% at 12.6693 and a breakout of 12.7969 (high Jan.28) would lead to 12.8476 (Upper Bollinger) and finally 13.0600 (high Dec.24).
On the flip side, support levels line up at 12.5555 (low Jan.17) ahead of 12.5542 (Lower Bollinger) and then 12.5500 (low Mar.2012).
Soportes en 12.5555 (mín. ene.17) seguido por 12.5542 (B Bollinger) y después 12.5500 (mín. mar.2012).
En cambio, de quebrar por encima de 12.7969 (máx. ene.28) nos llevaría hacia 12.8476 (B Bollinger) y finalmente 13.0600 (máx. dic.24).
At the moment, USD/MXN is up 0.30% at 12.6693 and a breakout of 12.7969 (high Jan.28) would lead to 12.8476 (Upper Bollinger) and finally 13.0600 (high Dec.24).
On the flip side, support levels line up at 12.5555 (low Jan.17) ahead of 12.5542 (Lower Bollinger) and then 12.5500 (low Mar.2012).
Soportes en 12.5555 (mín. ene.17) seguido por 12.5542 (B Bollinger) y después 12.5500 (mín. mar.2012).
En cambio, de quebrar por encima de 12.7969 (máx. ene.28) nos llevaría hacia 12.8476 (B Bollinger) y finalmente 13.0600 (máx. dic.24).