USD/MXN may fall 1823 - 2681 pips

18.7402 is our pivot point.

Our preference

Eye 18.3553.

Alternative scenario

Above 18.7402, look for 18.8844 and 18.9701.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (18.6441) but above its 50 period moving average (18.6180).

Supports and resistances

18.9701 **

18.8844 *

18.7402 **

18.6836

18.6234 last

18.4411

18.3553 **

18.2696 *

18.1839 **

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