- The Mexican Peso rallied against greenback in the UK session. It probed daily cloud top/61.8% Fib support by 15.28 on dovish Fed.
- Peso is expected to rally in the short term and it has broken the support level at 15.25750.
- It is currently trading at 15.19333 level, the support can be seen at15.14345 and a break below this level will expose the pair to the next support level at 14.99747.
- Major resistance can be found at 15.53032 a break above this level will expose it to the 15.56181 handle and later to 15.61880.
Recommendation: Sell @15.2010 with Target @15.1445,14.9978 SL 15.32201
Resistance Levels
R1: 15.26024
R2: 15.3819
R3: 15.53032
Support Levels
S1: 15.14345
S2: 14.99747
S3: 14.75659
