USD/MXN may rise 1564 - 2269 pips

18.7101 is our pivot point.

Our preference

Rebound towards 19.0459.

Alternative scenario

Below 18.7101, expect 18.5918 and 18.5214.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (18.8172) but below its 50 period moving average (18.8229).

Supports and resistances

19.1870 **

19.1165 *

19.0459 **

18.9754

18.8190 last

18.7565

18.7101 **

18.5918 *

18.5214 **

Number of asterisks represents the strength of support and resistance levels.