USD/MXN may rise 1630 - 2360 pips

Our pivot point stands at 19.3479.

Our preference

The upside prevails as long as 19.3479 is support.

Alternative scenario

Below 19.3479, expect 19.2256 and 19.1528.

Comment

The RSI is above its neutrality area at 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 19.3039 and 19.4023). Finally, the USD/MXN has crossed above its upper Bollinger band (19.4730).

Supports and resistances

19.8690 **

19.7960 *

19.7230 **

19.6500

19.4870 last

19.3959

19.3479 **

19.2256 *

19.1528 **

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