USD/MXN may rise 1842 - 2632 pips

18.5543 is our pivot point.

Our preference

Rebound towards 18.9275.

Alternative scenario

The downside breakout of 18.5543 would call for 18.4217 and 18.3428.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 18.6750 and 18.6969).

Supports and resistances

19.0857 **

19.0066 *

18.9275 **

18.8485

18.6643 last

18.6064

18.5543 **

18.4217 *

18.3428 **

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