USD/MXN may rise 2045 - 3027 pips

Our pivot point is at 18.2896.

Our preference

As long as 18.2896 is support look for 18.7311.

Alternative scenario

Below 18.2896, expect 18.1249 and 18.0268.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.4252 and 18.3898).

Supports and resistances

18.9273 **

18.8292 *

18.7311 **

18.6329

18.4284 last

18.3543

18.2896 **

18.1249 *

18.0268 **

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