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The post USD/MXN tests resistance as momentum turns positive – Société Générale appeared on BitcoinEthereumNews.com. USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale’s FX analysts note. USD/MXN bounce faces key hurdle at 18.65 “USD/MXN has staged a bounce after carving out an interim low near 18.20 last month. It is still struggling to overcome the 50-DMA. Daily MACD has been posting positive divergence highlighting receding downward momentum.” “However, a break beyond recent pivot high of 18.65 will be crucial for confirming an extended bounce. Inability to cross 18.65 may denote a risk of one more leg of decline.” Source: https://www.fxstreet.com/news/usd-mxn-tests-resistance-as-momentum-turns-positive-societe-generale-202510150847The post USD/MXN tests resistance as momentum turns positive – Société Générale appeared on BitcoinEthereumNews.com. USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale’s FX analysts note. USD/MXN bounce faces key hurdle at 18.65 “USD/MXN has staged a bounce after carving out an interim low near 18.20 last month. It is still struggling to overcome the 50-DMA. Daily MACD has been posting positive divergence highlighting receding downward momentum.” “However, a break beyond recent pivot high of 18.65 will be crucial for confirming an extended bounce. Inability to cross 18.65 may denote a risk of one more leg of decline.” Source: https://www.fxstreet.com/news/usd-mxn-tests-resistance-as-momentum-turns-positive-societe-generale-202510150847

USD/MXN tests resistance as momentum turns positive – Société Générale

Author: BitcoinEthereumNews

Source: BitcoinEthereumNews

2025/10/15 17:47

USD/MXN has rebounded from its 18.20 low but continues to face resistance at the 50-DMA. A break above 18.65 is needed to confirm an extended recovery, while failure to clear it could invite renewed downside pressure, Société Générale’s FX analysts note.

USD/MXN bounce faces key hurdle at 18.65

“USD/MXN has staged a bounce after carving out an interim low near 18.20 last month. It is still struggling to overcome the 50-DMA. Daily MACD has been posting positive divergence highlighting receding downward momentum.”

“However, a break beyond recent pivot high of 18.65 will be crucial for confirming an extended bounce. Inability to cross 18.65 may denote a risk of one more leg of decline.”

Source: https://www.fxstreet.com/news/usd-mxn-tests-resistance-as-momentum-turns-positive-societe-generale-202510150847

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