The USD/MXN currency pair has shown signs of recovery after dipping to recent lows at 18.20. This rebound highlights the pair's resilience, yet analysts at Société Générale caution that upward momentum may be limited. The exchange rate is currently grappling with resistance levels at the 50-day moving average and a descending trend line around 18.40.
As traders monitor these technical indicators, the uncertainty surrounding the USD/MXN's ability to sustain its gains remains palpable. Should the exchange rate manage to breach the 18.40 resistance, it could signal a more bullish trend for the dollar against the Mexican peso. However, failure to do so may reinstate downward pressure on the pair, prompting further scrutiny from forex market participants.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.