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21 Mar 2013
Forex: USD/MXN keeps the tone around 12.3800
FXstreet.com (Barcelona) - The Mexican peso is extending its intraday decline against the greenback, despite the strong gains posted by the Mexican retail sales. In fact, sales rose 2.1% on a monthly basis, taking the annual expansion to 1.8%.
In the US, the flash Manufacturing PMI rose to 54.9 in March and the Philadelphia Fed manufacturing index followed suit to 2.0
At the moment, the pair is up 020% at 12.3742 facing the next resistance at 12.4631 (Upper Bollinger) ahead of 12.5525 (high Mar.12).
On the downside, a dip beyond 123680 (low Mar.20) would bring 12.3126 (Lower Bollinger).
In the US, the flash Manufacturing PMI rose to 54.9 in March and the Philadelphia Fed manufacturing index followed suit to 2.0
At the moment, the pair is up 020% at 12.3742 facing the next resistance at 12.4631 (Upper Bollinger) ahead of 12.5525 (high Mar.12).
On the downside, a dip beyond 123680 (low Mar.20) would bring 12.3126 (Lower Bollinger).