Published: 2026-07-16T06:28:58.000Z
Chart USD/MXN Update: Weighing on 17.3550 support
1
Break of the 17.4000 level see pressure returning to the 17.3550 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17.7000 | * | congestion | S1 | 17.3550 | * | 7 Jul low | |
| R3 | 17.6800 | ** | Jun high | S2 | 17.3000 | * | congestion | |
| R2 | 17.6000 | ** | congestion | S3 | 17.2000 | * | congestion | |
| R1 | 17.5000 | * | congestion | S4 | 17.1500 | ** | May, Jun lows |
Asterisk denotes strength of level
06:25 GMT - Break of the 17.4000 level see pressure returning to the 17.3550 low of last week. Negative daily studies suggest scope for break here to extend losses from the 17.6800 June swing high. Lower will see room for extension to support at the 17.3000 congestion. Break here will see room to retest the 17.2000 congestion but potential will be for extension to the 17.1500, May and June lows. Meanwhile, resistance is lowered to the 17.5000 congestion which should cap any corrective bounce and sustain losses from the 17.6450, 8 July high.