Published: 2025-10-28T16:48:28.000Z
Chart USD/MXN Update: Consolidating - studies leaning lower
1
Quiet trade, with prices extending consolidation around 18.4000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 19.0000 | * | congestion | S1 | 18.4000 | * | congestion | |
| R3 | 18.8850 | * | 15 Jul (m) 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 - Quiet trade, with prices extending consolidation around 18.4000. Daily readings are leaning lower, suggesting potential for a break down towards further congestion around 18.3000. But mixed weekly charts are expected to limit any initial tests beneath here in short-covering/consolidation above critical support at the 18.1820 Fibonacci retracement and the 18.1965 current year low of 17 September. Meanwhile, the 18.5000 - 18.6000 range should continue to cap any immediate tests higher.