The Mexican peso’s recent recovery against the US dollar faces a formidable technical barrier as Societe Generale analysts identify the critical 200-day moving average resistance level for USD/MXN. This development emerges amid shifting global monetary policies and Mexico’s evolving economic landscape in early 2025.
USD/MXN Technical Analysis: The 200-Day Moving Average Barrier
Technical analysts at Societe Generale have identified the 200-day moving average as the primary resistanc