USD/MXN may rise 1993 - 2901 pips

19.5435 is our pivot point.

Our preference

The upside prevails as long as 19.5435 is support.

Alternative scenario

Below 19.5435, expect 19.3913 and 19.3008.

Comment

The RSI is above 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 19.4857 and 19.1971).

Supports and resistances

20.1737 **

20.0829 *

19.9921 **

19.9013

19.7020 last

19.6032

19.5435 **

19.3913 *

19.3008 **

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