Published: 2026-03-27T16:57:31.000Z
Chart USD/MXN Update: Choppy trade pressuring strong resistance
3
Cautious trade is giving way to a fresh test higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 18.3700 | ** | 76.4% ret of Nov-Feb fall | S1 | 17.8000 | ** | congestion | |
| R3 | 18.2000 | ** | congestion | S2 | 17.6000 | ** | congestion | |
| R2 | 18.1300 | ** | 61.8% ret of Nov-Feb fall | S3 | 17.5000 | ** | congestion | |
| R1 | 18.0000 | ** | break level | S4 | 17.3000 | * | break level |
Asterisk denotes strength of level
16:45 GMT - Cautious trade is giving way to a fresh test higher, with prices currently trading within strong resistance at the 18.0000 break level and the 18.1300 Fibonacci retracement. Daily readings have turned higher and broader weekly charts are positive, highlighting room for further strength in the coming sessions. However, a close above 18.1300 is needed to turn sentiment positive and extend February gains initially to congestion around 18.2000. Meanwhile, support is at congestion around 17.8000. A close beneath here, if seen, will help to stabilise price action and prompt consolidation above congestion around 17.6000.