USD/MXN may rise to 19.3378 - 20.0128

Our pivot point stands at 17.0363.

Our preference

As long as 17.0363 is support look for 20.0128.

Alternative scenario

Below 17.0363, expect 15.9064 and 15.2339.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (18.0595) but above its 50 period moving average (17.5734).

Supports and resistances

21.3626 **

20.6877 *

20.0128 **

19.3378

17.9816 last

17.4801

17.0363 **

15.9064 *

15.2339 **

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