Forex: USD/MXN retraces from highs

FXstreet.com (Barcelona) - The Mexican peso is gathering some traction after hitting session lows against the greenback above 12.3500 on poor data from retail sales. In fact, sales in the Aztec economy contracted 0.1% on a monthly basis in February and 2.6% over the last twelve months, vs. January’s +2.1% and +1.8%, respectively.

At the moment, the pair is advancing 0.54% at 12.3254 with the next resistance at 12.3350 (high Apr.18) and then .12.3523 (high Apr.3).
On the flip side, a violation of 12.1640 (low Apr.18) would bring 12.1467 (MA200h).