USD/MXN may rise 1890 - 2645 pips

Our pivot point stands at 18.9195.

Our preference

As long as 18.9195 is support look for 19.2865.

Alternative scenario

Below 18.9195, expect 18.7929 and 18.7176.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19.0006 and 18.9185).

Supports and resistances

19.4376 **

19.3621 *

19.2865 **

19.2110

19.0220 last

18.9693

18.9195 **

18.7929 *

18.7176 **

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