The Bank of Mexico (Banxico) delivered a widely expected 降息50个基点, bringing the benchmark rate down to 9.00% in a 一致决定. The central bank signaled that the 通胀前景支持持续宽松, and it anticipates future cuts of 类似大小 if conditions permit. However, policymakers also noted that 最近美国货币政策的变化增加了不确定性, which could influence the pace and magnitude of future adjustments.

Going into the cut, the USDMXN pair has seen a firm rebound off the recent lows, but upside momentum has now run into a wall of resistance.

Looking back, last week - and again earlier this week - sellers had their chance to break the pair lower, pushing below the 20.0156至20.1564之间的关键摇摆区域. However, the 空头跟进失败。卖家有他们的镜头，他们错过了。买家们又进来了。

Now, the cut has happened, and so has the rally, and the traders in the USDMXN are now facing its next hurdle. Price is currently testing a 双重技术上限由:

• 200-4小时图上的条形移动平均线为20.3076

• 100-日移动平均线报20.3629

今天的高点达到了100日均线，并陷入停滞。

Going forward, if the buyers are to take more control, a 决定性突破上方 this zone would shift the bias further in favor of buyers and open the door to higher retracement levels such as the 38.2% and 50.0% Fibonacci levels of the February–March decline.

Until that breakout occurs, the market remains in 中性到阳性区域, with buyers trying to hold the gains after last week's break lower failed. Close support is the 100 bar MA on the 4-hour chart at 20.1564..