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USD/MXN tracks US yields higher, Banxico intervention level 15.2110 caps

Source: Thomson Reuters


  • USD/MXN trades near session highs at 15.03, tracks US yields higher

  • Pair is rising despite higher oil, Banxico intervention level 15.2110 caps

  • Recent CFTC data shows MXN short positions growing 

  • USD broadly bid on US rate hike outlook, Fed expected to lose 'patience' 

  • USD/MXN resistance at 15.0495 Tues high, 15.0724 76.4% Fib, 15.1555 Feb 11 high

  • Support is at 14.9875/50 hourly pivot/daily Tenkan area, 14.9285 21-DMA

  • Market Data
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