Published: 2026-06-05T16:17:54.000Z
Chart USD/MXN Update: Sharp bounce
2
Cautious trade above support at 17.3000 has given way to a sharp USD-driven rally
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17.7700 | ** | 61.8% ret of Mar-Apr fall | S1 | 17.3000 | * | break level | |
| R3 | 17.6450 | ** | 50% ret of Mar-Apr fall | S2 | 17.1500 | * | congestion | |
| R2 | 17.6000 | ** | congestion | S3 | 17.1270 | * | 17 Apr (m) low | |
| R1 | 17.5000 | ** | congestion | S4 | 17.0865 | ** | 18 Feb YTD low |
Asterisk denotes strength of level
16:55 BST - Cautious trade above support at 17.3000 has given way to a sharp USD-driven rally, with prices currently pressuring congestion resistance at 17.5000. Daily readings have ticked higher, highlighting room for continuation towards further congestion around 17.6000. But mixed weekly charts should limit any initial tests in renewed consolidation. A break, however, will improve sentiment and extend April gains initially to the 17.6450 Fibonacci retracement. Meanwhile, support remains at 17.3000 and should underpin any immediate setbacks.