USD/MXN may rise 2125 - 3108 pips

17.9294 is our pivot point.

Our preference

The upside prevails as long as 17.9294 is support.

Alternative scenario

Below 17.9294, expect 17.7646 and 17.6664.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.0182 and 17.9915).

Supports and resistances

18.5723 **

18.4741 *

18.3758 **

18.2775

18.0650 last

17.9942

17.9294 **

17.7646 *

17.6664 **

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