USD/MXN may rise to 19.7657 - 20.2800

Our pivot point is at 17.9723.

Our preference

As long as 17.9723 is support look for 20.2800.

Alternative scenario

Below 17.9723, expect 17.1124 and 16.6005.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.6711 and 18.2187).

Supports and resistances

21.3086 **

20.7943 *

20.2800 **

19.7657

18.7211 last

18.3102

17.9723 **

17.1124 *

16.6005 **

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