USD/MXN may rise 1490 - 2202 pips

18.9081 is our pivot point.

Our preference

As long as 18.9081 is support look for 19.2403.

Alternative scenario

Below 18.9081, expect 18.7886 and 18.7174.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (19.0400) but above its 50 period moving average (18.9619).

Supports and resistances

19.3828 **

19.3116 *

19.2403 **

19.1691

19.0201 last

18.9550

18.9081 **

18.7886 *

18.7174 **

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