The USD/MXN uptrend resumed on Monday after hitting a six-day low of 18.76, yet traders had lifted the exchange rate past 18.90 with buyers eyeing a test of the psychological 19.00 figure.
The Relative Strength Index (RSI) is above the 50-neutral line, hinting that momentum favors buyers, which could push the exchange rate upward.
If USD/MXN clears 19.00, the next resistance would be 19.50, followed by the key 20.00 mark. A decisive break will expose the YTD high at 20.22, followed by the 20.50 mark.
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