USD/MXN may rise to 19.9040 - 20.5010

Our pivot point stands at 17.7859.

Our preference

The upside prevails as long as 17.7859 is support.

Alternative scenario

Below 17.7859, expect 16.7906 and 16.1981.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.1158 and 17.6924).

Supports and resistances

21.6950 **

21.0980 *

20.5010 **

19.9040

18.6128 last

18.1770

17.7859 **

16.7906 *

16.1981 **

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