USD/MXN may rise 1876 - 2643 pips

Our pivot point stands at 19.2085.

Our preference

As long as 19.2085 is support look for 19.5790.

Alternative scenario

Below 19.2085, expect 19.0800 and 19.0035.

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 19.3046 and 19.2125).

Supports and resistances

19.7323 **

19.6556 *

19.5790 **

19.5023

19.3147 last

19.2590

19.2085 **

19.0800 *

19.0035 **

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