USD/MXN may rise 1586 - 2351 pips

19.2095 is our pivot point.

Our preference

As long as 19.2095 is support look for 19.5568.

Alternative scenario

The downside breakout of 19.2095 would call for 19.0810 and 19.0045.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 19.2967 and 19.1929).

Supports and resistances

19.7100 **

19.6334 *

19.5568 **

19.4803

19.3217 last

19.2600

19.2095 **

19.0810 *

19.0045 **

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