Published: 2026-02-19T17:38:31.000Z
Chart USD/MXN Update: Higher in range - daily studies improving
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A cautious tone, as prices extend consolidation within the 17.0970 - 17.3000 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17.6000 | * | congestion | S1 | 17.0970 | ** | 28 Jan (m) low | |
| R3 | 17.5700 | ** | 2 Feb (w) high | S2 | 17.0000 | ** | congestion | |
| R2 | 17.5000 | ** | congestion | S3 | 16.9150 | * | June 2024 low | |
| R1 | 17.3000 | * | break level | S4 | 16.7500 | ** | congestion |
Asterisk denotes strength of level
17:05 GMT - A cautious tone, as prices extend consolidation within the 17.0970 - 17.3000 range. The daily Tension Indicator is rising and flat daily stochastics are also ticking up, highlighting room for a test above 17.3000. But mixed/negative weekly charts are expected to limit scope in renewed selling interest beneath strong resistance within congestion around 17.5000 and the 17.5700 weekly high of 2 February. Meanwhile, support is at the 17.0970 monthly low of 28 January. A close beneath here would add weight to sentiment and extend February 2025 losses initially to congestion around 17.0000.