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 not only bilateral trade dynamics but also the broader influence of U.S. economic conditions on both currencies. Both CAD and MXN are significantly influenced by global oil prices and U.S. economic indicators, with Canada being one of the world’s largest oil exporters and Mexico maintaining active trade relationships through regional agreements.

Today’s Price

• 1 CAD = 12.92 MXN
• 24h High: 12.9194 MXN
• 24h Low: 12.9090 MXN

Market Analysis

Recently, the CAD/MXN exchange rate has been influenced by global oil price movements and U.S. economic indicators, as both currencies maintain strong correlations with crude oil prices and broader dollar dynamics.

• Technical levels: Daily support at 13.04 MXN, daily resistance at 13.09 MXN. Short-term support and resistance levels are positioned at 13.13 MXN and 13.17 MXN respectively
• Risk note: The CAD/MXN pair can react differently to U.S. economic changes despite being influenced by them; volatility may persist given the interconnected nature of North American trade
• Trading opportunities: Monitor price action near key support and resistance zones for potential mean-reversion or breakout strategies

Conclusion

Continue to monitor the CAD/MXN pair closely, integrating oil price trends and U.S. macroeconomic indicators with technical analysis. For traders, focus on key support and resistance levels to identify entry and exit points aligned with broader market sentiment.