The USD/MXN currency pair has resumed its downward trajectory, having failed to regain its 50-day moving average. This decline has seen the exchange rate drop below key consolidation support levels, reigniting bearish momentum in the market. As a result, analysts at Société Générale are now targeting potential downside levels in the range of 17.85 to 17.60.
In the current trading environment, any upward rallies in the USD/MXN are expected to face resistance around the 18.37 mark. This shift highlights the growing pressure on the Mexican Peso against the US Dollar as market participants react to broader economic signals and technical indicators. Investors will be closely monitoring these levels for further insights into the ongoing market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-15 10:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.