USD/MXN may rise 1952 - 2919 pips

Our pivot point stands at 18.0344.

Our preference

Rebound towards 18.4579.

Alternative scenario

The downside breakout of 18.0344 would call for 17.8720 and 17.7753.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 18.1666 and 18.1884).

Supports and resistances

18.6514 **

18.5546 *

18.4579 **

18.3612

18.1660 last

18.0982

18.0344 **

17.8720 *

17.7753 **

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