For what it is worth, the US announced that the US is mulling the delay of auto tariffs on Canada, Mexico. The USDMXN fell on the news. However, the 100-day moving average at 20.33689 did a good job of holding support. The price has bounced to 20.3891 currently.
Looking at the chart above, the recent falls toward the 100 day MA line have stalled the fall or quickly failed on the modest breaks.
Pres. Trump held a call with CEOs of GM, Ford and Stallantis on potential auto tariff delay (or was it that they told him, costs of vehicles would spike higher).
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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