USD/MXN may rise 1756 - 2628 pips

18.7990 is our pivot point.

Our preference

As long as 18.7990 is support look for 19.1966.

Alternative scenario

Below 18.7990, expect 18.6527 and 18.5656.

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 above its 20 and 50 period moving average (respectively at 18.9229 and 18.7922).

Supports and resistances

19.3710 **

19.2838 *

19.1966 **

19.1094

18.9338 last

18.8565

18.7990 **

18.6527 *

18.5656 **

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