Published: 2025-11-21T16:55:15.000Z
Chart USD/MXN Update: Limited tests higher
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Cautious trade around congestion support at 18.3000 has given way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18.9000 | * | congestion lows | S1 | 18.4000 | * | congestion | |
| R3 | 18.7675 | ** | 5 Nov (w) high | S2 | 18.3000 | * | congestion | |
| R2 | 18.6000 | ** | July-August 2024 break level | S3 | 18.1965 | ** | 17 Sep YTD low | |
| R1 | 18.5000 | ** | congestion | S4 | 18.1820 | ** | 61.8% ret of 2024-2025 rally |
Asterisk denotes strength of level
16:40 GMT - Cautious trade around congestion support at 18.3000 has given way to a bounce, as daily studies improve, with the break above 18.4000 turning sentiment neutral and reaching further congestion around 18.5000. A further break will open up 18.6000. But mixed weekly charts are expected to limit any initial tests in renewed consolidation. A break, however, will improve sentiment and prompt a test of stronger resistance at the 18.7675 weekly high of 5 November. Meanwhile, support is at congestion around 18.4000 and extends to 18.3000. This range should underpin any immediate setbacks.