USD/MXN may rise 2063 - 3052 pips

Our pivot point stands at 18.1007.

Our preference

The upside prevails as long as 18.1007 is support.

Alternative scenario

Below 18.1007, expect 17.9348 and 17.8361.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.1879 and 18.1017).

Supports and resistances

18.7514 **

18.6525 *

18.5536 **

18.4547

18.2484 last

18.1658

18.1007 **

17.9348 *

17.8361 **

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