USD/MXN may rise 1512 - 2254 pips

Our pivot point is at 18.6311.

Our preference

The upside prevails as long as 18.6311 is support.

Alternative scenario

Below 18.6311, expect 18.5064 and 18.4322.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.6932 and 18.6993). Finally, the USD/MXN is trading above its upper Bollinger band (standing at 18.7407).

Supports and resistances

19.1204 **

19.0461 *

18.9718 **

18.8976

18.7464 last

18.6800

18.6311 **

18.5064 *

18.4322 **

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