USD/MXN may rise 2031 - 3023 pips

Our pivot point is at 18.2092.

Our preference

The upside prevails as long as 18.2092 is support.

Alternative scenario

Below 18.2092, expect 18.0426 and 17.9435.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.3171 and 18.3044).

Supports and resistances

18.8548 **

18.7556 *

18.6563 **

18.5571

18.3540 last

18.2746

18.2092 **

18.0426 *

17.9435 **

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