USD/MXN may rise 1985 - 2974 pips

18.1575 is our pivot point.

Our preference

Rebound towards 18.5931.

Alternative scenario

The downside breakout of 18.1575 would call for 17.9915 and 17.8926.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (18.2921) but under its 50 period moving average (18.3172).

Supports and resistances

18.7909 **

18.6920 *

18.5931 **

18.4942

18.2957 last

18.2228

18.1575 **

17.9915 *

17.8926 **

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