USD/MXN hovering around 14.650

FXStreet (Córdoba) - USD/MXN rose on Monday from 14.546 and peaked at 14.670, approaching last week highs that lie at 14.706. The pair is back into a trading range between 14.705 and 14.540, that limited price action last week

Tomorrow the December retail sales report will be release in Mexico and on Thursday the CPI index from mid-January.

USD/MXN technical levels

To the upside, the key resistance continued to be the area around 14.705 and above here at 14.745 (Jan 8 high) and 14.815. On the opposite direction support might lie at 14.625 and below at 14.535 and 14.475.