International Trading

Forex − Chart USD/MXN Update: 12.966 is next in line with potential to 12.90 soon

Wednesday, September 8, 2010 , Posted by Usman Ali Minhas at 8:55 AM

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Published at 14:15 (GMT) 08 Sep
USDMXN
10:15 EDT - USD/MXN moves closer to 1st minor support at 12.966, but there is still more hard work to be done before the mkt can fully reverse Tue's move. A solid break at 12.966 leads to 12.90. The resistance comes in at 13.055/085 in the event of another bounce before the next leg down. R.Z
R5: 13.12 * break level
R4: 13.1 intraday level
R3: 13.085 hourly high
R2: 13.065 * 03 Sep high
R1: 13.055 hourly high
S1: 12.966 break level
S2: 12.9 * break level
S3: 12.88 intraday level
S4: 12.85 * projection
S5: 12.815 * break level

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