USD/MXN Price Recap
The back and forth price flow continues for USD/MXN, which starts today off at 22.8427 US dollars, up 9526 pips 4.35% from the previous day. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 6.35% from the day prior, but down 16.12% from the same day the week before. USD/MXN outperformed all 40 assets in the Forex asset class yesterday. Congrats to its holders! Let’s take a look at price chart of USD/MXN.
USD/MXN Technical Analysis
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 28746.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 20 out of the past 30 days.
The View From Around the Web
Not much commentary on USDMXN that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on dailyfx.com; below is a short snippet from it to give you a taste.
USD/MXN just exploded to a record high above the 23.000 handle as the Mexican Peso depreciates at its fastest rate against the US Dollar since October 2008.