USD/MXN may rise 1780 - 2646 pips

Our pivot point stands at 18.6609.

Our preference

As long as 18.6609 is support look for 19.0456.

Alternative scenario

Below 18.6609, expect 18.5156 and 18.4291.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.7765 and 18.7315).

Supports and resistances

19.2186 **

19.1321 *

19.0456 **

18.9590

18.7810 last

18.7179

18.6609 **

18.5156 *

18.4291 **

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