Gli attacchi di Trump a Powell spingono l’oro verso nuovi massimi

USD/MXN has staged a rebound after sliding to multi-week lows near 18.20. On the daily chart, price bounced off the lower Bollinger Band and is now testing the 18.40–18.45 zone. 

This area also aligns with the upper boundary of the short-term descending channel that has guided the selloff through September. 

A clean break above 18.45 could be the first sign of momentum shifting, opening the way toward 18.65 and the mid-Bollinger Band near 18.75. The broader trend, however, might still be bearish. 

For now, support remains firm at 18.25–18.20. A failure to hold that floor could bring renewed pressure, exposing 18.10 and the psychological 18.00 level. 

That technical setup frames the importance of Banxico’s upcoming decision. All 24 analysts surveyed by Reuters expect a 25-basis-point cut to 7.50%. While headline inflation has eased, August CPI data showed that core pressures are proving sticky, limiting the space for more aggressive easing. 

Trade policy is also adding uncertainty. Mexico’s Economy Minister confirmed plans to lift tariffs on imported light vehicles and auto parts, raising duties on cars from Asia — particularly China — from 20% to 50%. These measures echo protectionist steps seen under the Trump administration and could complicate Mexico’s trade outlook at a sensitive time, adding volatility to peso trading. 

For traders, the key question is whether the peso’s resilience will hold if Banxico delivers a cut as expected. With technical levels tightening around 18.25–18.45, the combination of policy tone and tariff rhetoric could be the catalyst for a decisive breakout or renewed downside. 

Per conoscere la data e l’ora esatta di questi importanti eventi economici, importa il BlackBull Markets Calendario Economico per ricevere avvisi direttamente nella tua casella di posta elettronica.

Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.