USD/MXN may rise 2027 - 3015 pips

Our pivot point stands at 18.1071.

Our preference

As long as 18.1071 is support look for 18.5465.

Alternative scenario

Below 18.1071, expect 17.9412 and 17.8424.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.2063 and 18.1247).

Supports and resistances

18.7442 **

18.6453 *

18.5465 **

18.4477

18.2450 last

18.1723

18.1071 **

17.9412 *

17.8424 **

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