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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).

Forex Flash: Growing US interest rates to run out of steam? – Westpac

“From a US perspective, talk around an early exit from QE seems premature, particularly with the unemployment rate failing to gain much traction to the downside in recent months. With our US data surprise index off its highs, we suspect the upward momentum in US interest rates will also run out of steam.” writes the Westpac Strategy Team.
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Forex: USD/CHF testing the 0.9100 level after pullback

The USD/CHF has plummeted off its session highs of 0.9151 during American trading Wednesday, as the pairs gains virtually evaporated down in less than an hour. Despite the easing however, the cross is still trading positively and has managed not to lose sight of the 0.9100 level, where it is testing presently.
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