USD/MXN falls to 1-week low, crude oil recovery

FXStreet — The Mexican Peso and the Russian ruble on Thursday to the best performers, as they benefit from the recovery in crude oil prices. The Barrel of WTI is increasing by more than 1% in the vicinity of the 48,00 $.

WTI remains at highs to 48,00 $

The USD/MXN opened the day at 19.00. With the European trading the price decline began and it has accelerated with the American session. With the soil formation at 18,85, the lowest level since the 4 was. May reached.

The larger than expected decline in US initial jobless claims and the higher PPI were of no help.

Technical Levels

Currently, the trade takes place in the case of 18,86 and it comes to a Test of the rising trend line from the April and may lows. Supports lie at 18,70 (Deep 25. April) 18,60 (Deep 10. April) After the above Resistances can be found at 19,00, 19,10/15 (last week Low) and 19.25 (High-9. May).

** FXStreet News Editorial, FXStreet**

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