USD/MXN Technical Analysis: Pair turns lower for a test of 18.90

• The USD/MXN pair is moving sideways around the 20-day moving average, in a higher range than the one that prevailed days ago. The move to the upside was capped by 19.20 and the greenback was unable to hold on top of 19.05. 
• A consolidation above 19.05 would point to further gains and a test of 19.20. The next support levels are seen at 19.30 and 19.45. 
• While on the downside, a slide under 18.90 would reiforced the bearish outlook and could point to another test of the strong support located at YTD lows at 18.73/74. 
• On a long-term view, the pair continues to move in a triangle, near the key support area seen at 18.60. 

USD/MXN Daily Chart