USD/MXN may rise 2029 - 2918 pips

Our pivot point stands at 19.1131.

Our preference

Rebound towards 19.5525.

Alternative scenario

Below 19.1131, expect 18.9643 and 18.8757.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (19.2576) but below its 50 period moving average (19.4475).

Supports and resistances

19.7301 **

19.6413 *

19.5525 **

19.4636

19.2607 last

19.1715

19.1131 **

18.9643 *

18.8757 **

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