USD/MXN may rise 2115 - 3117 pips

Our pivot point is at 18.3568.

Our preference

The upside prevails as long as 18.3568 is support.

Alternative scenario

Below 18.3568, expect 18.1886 and 18.0885.

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 18.4504 and 18.3776).

Supports and resistances

19.0122 **

18.9120 *

18.8117 **

18.7115

18.5000 last

18.4229

18.3568 **

18.1886 *

18.0885 **

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