USD/MXN may rise 1807 - 2681 pips

18.8209 is our pivot point.

Our preference

As long as 18.8209 is support look for 19.2220.

Alternative scenario

Below 18.8209, expect 18.6744 and 18.5872.

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 18.9275 and 18.8046).

Supports and resistances

19.3966 **

19.3093 *

19.2220 **

19.1346

18.9539 last

18.8784

18.8209 **

18.6744 *

18.5872 **

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