Published: 2025-11-05T17:05:03.000Z
Chart USD/MXN Update: Limited downside tests
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Quiet trade has given way to a break above 18.6000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 19.2000 | * | break level | S1 | 18.6000 | ** | July-August 2024 break level | |
| R3 | 19.0000 | * | congestion | S2 | 18.5000 | ** | congestion | |
| R2 | 18.8850 | * | 15 Jul (m) high | S3 | 18.4000 | * | congestion | |
| R1 | 18.7675 | intraday high | S4 | 18.3000 | * | congestion |
Asterisk denotes strength of level
16:50 GMT - Quiet trade has given way to a break above 18.6000, with prices reaching 18.7675 before settling back to 18.6000. Overbought daily stochastics are unwinding, highlighting room for a break back beneath here. But the rising daily Tension Indicator and improving weekly charts should limit scope in renewed buying interest/consolidation above congestion support at 18.4000. Following cautious trade, September gains are expected to focus on strong resistance within the 18.8850 - 19.0000 range. Overbought daily stochastics could limit any initial tests in consolidation.