USD/MXN may rise 1649 - 2378 pips

Our pivot point stands at 19.2822.

Our preference

The upside prevails as long as 19.2822 is support.

Alternative scenario

The downside breakout of 19.2822 would call for 19.1603 and 19.0878.

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 19.2773 and 19.4127). Finally, the USD/MXN is trading above its upper Bollinger band (standing at 19.4174).

Supports and resistances

19.8213 **

19.7484 *

19.6756 **

19.6027

19.4378 last

19.3301

19.2822 **

19.1603 *

19.0878 **

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