Today's CAD to MXN Price Update

Summary

This report provides the real-time exchange rate between the Canadian Dollar (CAD) and Mexican Peso (MXN), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Canadian Dollar (CAD) and Mexican Peso (MXN) are major fiat currencies in North America. The exchange rate between them reflects market sentiment regarding the relative economic strength of Canada and Mexico, as well as investor confidence in both currencies’ stability.

Today’s Price

• 1 CAD = 12.57 MXN
• 24h High: 12.5704 MXN
• 24h Low: 12.5136 MXN

Market Analysis

Recently, CAD/MXN has exhibited a bearish trend over the medium to long term. The pair is currently consolidating within a defined range, with technical indicators showing mixed signals.

• Technical levels: Key support zones around 12.64 MXN, with daily support at 13.04 MXN and daily resistance at 13.09 MXN. Short-term resistance levels identified at 13.13 and 13.17 MXN
• Price action: The pair has broken key structural levels and is holding at significant support zones. Moving averages (MA5 and MA10) are generating buy signals around 12.5951-12.5987 MXN
• Risk note: The 50-day and 100-day moving averages show a decline of approximately 4.39% and 4.52% respectively, indicating sustained bearish pressure. A break below current support could accelerate downside momentum
• Trading opportunities: Watch for potential consolidation breakouts near the triangular formation. Traders may consider entries near identified support zones for potential reversals, or monitor for continuation of the bearish trend toward lower levels

Conclusion

Continue to monitor the CAD/MXN pair closely, integrating technical support and resistance levels with market sentiment. For short-term traders, focus on consolidation patterns and key support zone interactions. For longer-term observers, track the sustainability of the bearish trend relative to macroeconomic factors affecting both currencies.