Published: 2026-04-30T16:13:37.000Z
Chart USD/MXN Update: Strong resistance up to 17.6450
-
Cautious trade has given way to a fresh push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 17.8000 | ** | congestion | S1 | 17.5000 | ** | congestion | |
| R3 | 17.7700 | ** | 61.8% ret of Mar-Apr fall | S2 | 17.3000 | * | break level | |
| R2 | 17.6450 | ** | 50% ret of Mar-Apr fall | S3 | 17.1500 | * | congestion | |
| R1 | 17.6000 | ** | congestion | S4 | 17.0865 | ** | 18 Feb YTD low |
Asterisk denotes strength of level
17:10 BST - Cautious trade has given way to a fresh push higher, with prices currently balanced inside the 17.5000 - 17.6000 range. Daily studies are rising, suggesting room for a test above congestion resistance at 17.6000. But already overbought daily stochastics and mixed weekly charts should limit initial scope in renewed selling interest towards the 17.6450 Fibonacci retracement. A close above here, however, will improve sentiment and extend April gains towards the 17.7700 retracement. Meanwhile, a close back below congestion support at 17.5000 will give way to fresh consolidation above 17.3000.