Mexican Peso Outlook: USD/MXN Drops on Unexpected Banxico Rate Hold

The Bank of Mexico held rates unchanged at 4.25% today against expectations for a 25 basis point rate cut from economists. USD/MXN price action pivoted lower on the hawkish move

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Sterling Forecast: Cable Caught by Uptrend Resistance- GBP/USD Levels

Sterling tanked more than 1.3% off the highs after reversing off technical uptrend resistance- what now? Here are the levels that matter on the GBP/USD technical charts.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/32DNBJs
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Sterling Forecast: Cable Caught by Uptrend Resistance- GBP/USD Levels

Sterling tanked more than 1.3% off the highs after reversing off technical uptrend resistance- what now? Here are the levels that matter on the GBP/USD technical charts.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/32DNBJs
via IFTTT