Market Analysis
NAS100 midweek: index holds 30300 after soft start, 2026-09-28
NAS100 sits at 30334.37 on Wednesday, down 234.70 points from Monday's open, with the week's range still set by Monday's 30617.83 high and 30079.80 low.
3 min readThe week for USDMXN ran in one direction. Price opened Monday at 17.1379, printed its high at 17.1595, then ground lower to a Friday close of 17.0262. The low of the week was 17.0117 on Wednesday. From open to close, the pair shed roughly 1,117 pips, a move of about 0.65 percent in favour of the peso.
The scheduled economic calendar for the pair was quiet, so the tape did the talking. Tuesday delivered the sharpest single-day drop, from 17.1315 to a close of 17.0711, and the selling continued every session after. Broad dollar softness across the emerging-market space, echoed in pairs like AUD/USD, kept USDMXN under steady pressure into the close.
Friday's session was thin. Volume dropped to 14,975 against the mid-60,000s earlier in the week, and the daily range compressed to just over a hundred points between 17.0343 and 17.0206. That points to position squaring rather than fresh conviction on the last day.
The bundle carries no scheduled high-impact events for the coming week on this pair. With the calendar light, broad dollar direction and risk sentiment provide the cue. If the dollar catches a bid and risk sentiment sours, USDMXN tends to snap back toward prior resistance. If the softer-dollar tone that dominated this week carries over, the peso holds the upper hand and the pair stays pinned near its lows.
Positioning is skewed long. Traders sit 62.1 percent long against 37.9 percent short as of 2026-08-14. That is a crowd betting on a bounce in the dollar against the peso, which is notable given price fell all week. A heavily long book into a falling market can fuel further downside if those longs are stopped out.
The Wednesday low at 17.0117 is the near-term floor. If price closes below it, the round number at 17.0000 comes into view. On the upside, Tuesday's close near 17.0711 is the first hurdle. A close back above the 17.1276 area, the Monday low, would signal the down-move has stalled and hand the initiative back to dollar bulls. If you want to track these levels as they develop, you can follow the pair on your LHFX account.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
