USD/MXN may fall to 18.0513 - 18.4552

19.8691 is our pivot point.

Our preference

The downside prevails as long as 19.8691 is resistance.

Alternative scenario

The upside breakout of 19.8691, would call for 20.5501 and 20.9555.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 19.4167 and 19.3592).

Supports and resistances

20.9555 **

20.5501 *

19.8691 **

19.6015

19.3262 last

18.4552

18.0513 **

17.6474 *

17.2435 **

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