Published: 2026-05-19T16:11:53.000Z
Chart USD/MXN Update: Corrective bounce
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Cautious trade above congestion support at 17.1500 has given way to a bounce
| 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
16:40 BST - Cautious trade above congestion support at 17.1500 has given way to a bounce, with the break above 17.3000 helping to improve sentiment. Rising daily readings highlight room for a test of congestion resistance at 17.5000. But mixed weekly charts should limit any initial break in fresh consolidation beneath further congestion around 17.6000. Meanwhile, support remains strong at 17.3000, and should underpin any immediate setbacks.