USD/MXN may fall 2027 - 2988 pips

18.1977 is our pivot point.

Our preference

The downside prevails as long as 18.1977 is resistance.

Alternative scenario

Above 18.1977, look for 18.3593 and 18.4555.

Comment

The RSI is below its neutrality area at 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 18.0784 and 18.0776).

Supports and resistances

18.4555 **

18.3593 *

18.1977 **

18.1342

18.0665 last

17.8638

17.7677 **

17.6715 *

17.5754 **

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