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USD/MXN flat for the day, consolidates around 1-month highs

FXStreet (Córdoba) - USD/MXN is trading unchanged for the day, but consolidating yesterday’s gains and holding at the strongests level in a month. On Monday the pair jumped from 15.250 and today peaked at 15.492.

Near the end of trading in Wall Street stands around 15.465, at the same level it closed yesterday. Among the most traded currencies, the Mexican peso and the Russian ruble are the worst performers, during the last five trading days.

USD/MXN with resistance below 15.5000

To the upside, the immediate 15.500 area is a key resistance level to watch. On the flip side a bearsih correction could find support at 15.422, 15.350 and 15.264.