USD/MXN opened with -3% gap difference between Friday's closing 19.30 and Monday opening 18.98 trading sessions. The Mexican peso ended a four week high against the US dollar after the Clinton vs Trump debate ended, sending the USD/MXN below 19 handle. US polls surveys declared Clinton's win after Trump's vulgar comments about women, thus the USD/MXN slumps and is currently trading at 18.94.
Trend: bearish.
Key levels to watch: Daily Pp 18.98
First resistance: R1 19.07, R2 19.200, R3 19.29
First support: S1 18.89, S2 18.81, S3 18.71
Remark: USD/MXN expected to continue in the bearish mood in absence of US financial news but look forward for FOMC meeting at 7 PM GMT this Wednesday.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.