{"id":24593,"date":"2023-05-11T07:53:12","date_gmt":"2023-05-11T07:53:12","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/lower-cpi-weakened-the-us-dollar\/"},"modified":"2025-11-18T07:51:36","modified_gmt":"2025-11-18T07:51:36","slug":"lower-cpi-weakened-us-dollar-usdmxn","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/ar\/lower-cpi-weakened-us-dollar-usdmxn\/","title":{"rendered":"Lower CPI Weakened the US Dollar – USDMXN"},"content":{"rendered":"\n

Good morning Traders!<\/p>\n\n\n\n

The US dollar was sold off yesterday on the back of a lower than expected CPI reading, which showed that US inflation<\/a> has slowed down in the months of April.<\/p>\n\n\n\n

USDMXN<\/h2>\n\n\n\n
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USDMXN D<\/figcaption><\/figure>\n\n\n\n
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USDMXN W<\/figcaption><\/figure>\n\n\n\n
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USDMXN M<\/figcaption><\/figure>\n<\/figure>\n\n\n\n

The Daily, Weekly and the Monthly charts are all in a confirmed downtrend, and after consolidating for a while above the strong Support level of 17.9 the market has broken through this level, closed below it, and then continued with another push, breaking the Low of the last week candle in the process.<\/p>\n\n\n\n

As the market<\/a> is currently overextended from it\u2019s Moving Averages on all the higher timeframes. I\u2019ll be looking for a pullback to release some of this strong selling pressure and for price action to catch up with it\u2019s averages.<\/p>\n\n\n\n

The area that I am eyeing for the pullback is around the 17.9 which is the breakout level, and if and when the market will pullback to around this area, I\u2019ll be looking for signs that the pullback is over, and the market is ready to continue it\u2019s overall longer term trend.<\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning Traders! The US dollar was sold off yesterday on the back of a lower than expected CPI reading, which showed that US inflation has slowed down in the months of April. USDMXN The Daily, Weekly and the Monthly charts are all in a confirmed downtrend, and after consolidating for a while above the […]<\/p>\n","protected":false},"author":15,"featured_media":24046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"US Dollar Weakens: Lower CPI | USDMXN | %%sitetitle%%","_seopress_titles_desc":"Discover how the US Dollar is affected by lower CPI. Get insights on the USDMXN pair and make informed trading decisions in the forex market.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[6],"tags":[],"class_list":["post-24593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-6"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/posts\/24593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/comments?post=24593"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/posts\/24593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/media\/24046"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/media?parent=24593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/categories?post=24593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/ar\/wp-json\/wp\/v2\/tags?post=24593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}