USD/MXN may rise 1613 - 2319 pips

Our pivot point stands at 18.7310.

Our preference

Rebound towards 19.0587.

Alternative scenario

Below 18.7310, expect 18.6126 and 18.5421.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 18.8596 and 19.0295).

Supports and resistances

19.1998 **

19.1293 *

19.0587 **

18.9881

18.8268 last

18.7775

18.7310 **

18.6126 *

18.5421 **

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