USD/MXN may rise 2029 - 3028 pips

Our pivot point stands at 18.3042.

Our preference

As long as 18.3042 is support look for 18.7573.

Alternative scenario

Below 18.3042, expect 18.1365 and 18.0366.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.4416 and 18.4130).

Supports and resistances

18.9573 **

18.8573 *

18.7573 **

18.6574

18.4545 last

18.3701

18.3042 **

18.1365 *

18.0366 **

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